22 May 2013 12:57
[gsc] gold to Iran
http://www.foxnews.com/world/2013/05/20/gold-crush-us-blocks-all-sales-gold-to-iran/?cmpid=prn_aol&icid=maing-grid7|main5|dl2|sec3_lnk1%26pLid%3D315903 > Gold crush: U.S. ready to shut down gold sales to Iran > > By Perry Chiaramonte > > Published May 20, 2013 > > FoxNews.com > > 081811_fw_gold_640.jpg > > Iranians are seeking gold as their currency - the rial - plummets in > value. > > The U.S. is trying to stop the gold rush to Iran in a bid to > undermine the Islamic Republic's plummeting currency, but critics say > the move is more likely to hurt ordinary citizens than the rogue > regime's leadership. > > A top Treasury Department official told lawmakers that, starting July > 1, the U.S. plans to crack down on all transfers of gold to the > Iranian government or its citizens. The move appears aimed largely at > banks and gold brokers in Turkey and the United Arab Emirates. > Companies operating from within those nations have shipped large > amounts of gold to Iran as Tehran attempts to stabilize its currency, > the rial, amid increasing international economic isolation. > > "We have been very clear with the governments of Turkey and the UAE > and elsewhere, as well as the private sector that is involved in the(Continue reading)
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