Iranian rial reeling and citizens are subjected to economic pressures

Iranian rial reeling and citizens are subjected to economic pressures

Date: Saturday 10/06/2012 08:37 am

 Tehran / range – agencies
witnessed the past few days retreat Iranian rial for up to one U.S. dollar to between 34 and 36 thousand riyals, compared to 22 thousand riyals in the past week. As the rest of the red indicators, which is expected to witness economic growth and outright decline in 2012 to reach 0.4 percent compared to 2 percent in 2011, and 5.9 percent in 2010.

And inflation is expected to remain at a very high level when the proportion of 21.8 percent, and the unemployment rate at 16.7 percent. These indicators represent in the eyes of Westerners evidence the efficacy of the sanctions imposed on Iran to force it to abandon sensitive nuclear activities. The State Department considered that the deterioration of the value of the riyal evidence on the “success” of sanctions. Said a senior European official “sanctions to bite”, recognizing that the goal is to “bring the Iranian economy to its knees.”
Western nations suspect and Israel in Iran’s quest to acquire a nuclear weapon. Added to four packs of economic and trade sanctions, have been voted on since 2006. And added them since 2008 sanctions against banks and oil sector of Iran, established by the United States, then the European Union, and to the extent an oil embargo is unprecedented since July 2012.
However, many experts agree that regardless of sanctions, the economic results meager to Iran back also to the administration “disastrous” since 2005, which is overseen by President Mahmoud Ahmadinejad, whose term ends in June 2013.
warned Paul Sullivan of Georgetown University in Washington that “the Iranian economy coherent mainly thanks to smuggling. and sooner or later, the people will decide that things are not okay. and Iranian citizen average case is under pressure and can be expected to instability. ”
and adds that it would be difficult for the system face collapse rial “even though some noted that he has a reserve of foreign currency worth $ 75 billion.”
There were skirmishes Wednesday in Tehran When police tried to arrest currency traders illegal accused of being bear partial responsibility currency collapse Iran.
was U.S. Secretary of State Hillary Clinton said Wednesday that the Iranian regime is responsible for the consequences of his actions on the crisis riyal, which saw historic low this week, due to international sanctions on the Iranian economy .
Clinton said in response to a question on the Iranian currency’s decline, which led to clashes in Tehran, “I think the Iranian government bears responsibility for what is going on inside Iran.” She added, “Our goal was and will remain to convince the Iranian regime to negotiate seriously and sincerely with the international community over its nuclear program.”
and subject Iran to UN sanctions, in addition to the ban bank west began since 2010 by the United States and the European Union, due to Tehran’s refusal to halt its nuclear described Balhassash.
accused by the West and Israel Iran of seeking to acquire a nuclear weapon, which Tehran denies. Washington backs a strategy based on combining diplomacy with pressure through economic sanctions on Iran.
Clinton considered that the Iranians “have taken their own decisions, and that has nothing to do with sanctions, which affected the economic conditions in the country.” And acknowledged the minister, however, said “sanctions have had also their impact, but can avoid that if you want the Iranian government to work honestly with a five plus one”, which countries the five permanent members of the Security Council and Germany.
intervened Iranian police last Wednesday in Tehran for the arrest of dealers currency illegal foreign held responsible for the sharp decline of the Real, according to witnesses. The Iranian Rial Tuesday saw a historic decline against the dollar. At midday Wednesday seemed as if the Iranian currency stabilizes at 34 thousand riyals per dollar compared to 36 thousand riyals on Tuesday afternoon. The currency was eight days ago 22 thousand riyals to the dollar.
Source: almadapaper