Insider news & Analysis in Iran

 

Many of Iran’s economic institutions have been placed under the authority of the office of the Supreme Leader, which has been dubbed “privatization,” during the past decade. Khamenei's office and the Islamic Revolutionary Guards Corps (IRGC) have gained significant power over Iran’s economic resources.

 

After Congress made terrorism the exception to the general rule that people cannot use American courts to sue foreign governments, victims of attacks have racked up more than $50 billion in default judgments against Iran over the last two decades. 

 

By INU Staff 

INU - As Bloomberg reported on Wednesday, the International Monetary Fund has released a report on the Iranian economy in which it claims that that Islamic Republic has experienced a substantial recovery over the past year or so, but is facing severe uncertainty regarding its future prospects.

The Financial Action Task Force (FATF), is the global standard setting, intergovernmental agency, who monitors money laundering, as well as the financing of terrorism (AML/CFT), on a worldwide basis.  FAFT protects the international financial system. To encourage greater compliance with the AML/CFT standards, jurisdictions with strategic deficiencies are identified, and FAFT works with them to address deficiencies that pose a risk to the international financial system.

An editorial on February 16th in the state run daily newspaper, Mardom Salari, commented on the Iranian regime officials’ plans to reroute river waters and construct dams, which will allow a quick and inexpensive means to extract oil. 

The price of the USD went up last week from 3791 to 3797. The Bahar Azadi gold coin has gone up to 1,169,000 tomans – a rise of 5600 tomans since the day before. In the capital market, the shares of seven auto manufacturing groups traded lower.

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