Iran Dodges Sanctions With Help from Sleazy Bankers
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  • Mick The Reactionary

    @Mead:

    “the sanctions are clearly working. … its currency has lost almost half of its value against the dollar”

    How did you come with that?

    Iranian Real for USD from http://www.xe.com:

    8/12 12,251 IR for 1 USD
    8/11 10,600
    8/10 9,975
    8/09 9,954
    8/08 9.389

    (12,251 – 10,600) / 10,600 is about 15.5%.
    Is 15% almost half in Mr Mead math book?

  • Mick The Reactionary

    @Mead:

    “there is a lot riding on these sanctions, and those who seek to profit from evading them deserve the title “merchants of death.””

    Wow. You strike fear in their hearts.
    They definitely will stop laughing on the way to their bank.

  • Luke Lea

    We always settle these suits but we never hear whether the penalty was bigger than the profit. And nobody goes to jail.

  • Kris

    [email protected]: Keep in mind that the Iranian Rial does not operate under a free float regime. To pick a link at random: “Though the official government exchange rate is 12,260 rials to the dollar, there is only a limited amount of these cheaper dollars available, and the unofficial market rate at which most Iranians can access dollars is closer to 19,000 rials.”

  • shiblee

    It is from frustration . When sanction will start working , they will not give up nuclear programme, war will be inevitable as Iran will go to close strait of Hormuz instead . ! Simple fact but why these sanction ? Because the USA has to appease the powerfull jews Lobby AIPAC

  • Mick The Reactionary

    @shiblee:

    “why these sanction ? Because the USA has to appease the powerfull jews Lobby AIPAC”

    You may consider, if state of your mind allows, that Iran develops nukes and promised to use them right away when ready.

    Of course, if in your considered scientific opinion all world problems caused by Jews or Israel you sincerely unable to see what is in front of you.

    You don’t need facts, logic or arguments, you need medical help.

  • Mick The Reactionary

    @Kris:

    “unofficial market rate at which most Iranians can access dollars is closer to 19,000 rials.”

    Thanks Kris for this.
    Why original blog post was so poorly researched and written? It should have had this explanation.

    It took 2 commenters to do some research and get to the bottom of this small issue.

    Does VMead expect all his assertions treated as an undeniable Truth?

    VMead puts too much energy into policing comments instead of producing quality posts.

    [Statistic was in FT article. VM trusts their numbers by and large. – Ed.]

  • Kris

    shiblee: “why these sanction ?”

    That is indeed what the pro-Israel camp is asking. They mostly consider the sanctions to be too little, too late.

    I also find it interesting that you ignore the role of the Saudis and other Arabs, who are as opposed to the Iranian nuclear program as the Israelis. It is rumored that they too have some slight influence in Washington.

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