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Iran Is Winning On Oil Sanctions: Top Oil Trader


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#1 shiasoldier786

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Posted 21 February 2012 - 07:10 PM

Allhamdullilah, the sanctions keep on backfiring on them. Allah (swt) is the best of planners.


(Reuters) - The head of the world's top oil trader Vitol said on Tuesday the rise in oil prices to above $120 a barrel has more than compensated Iran for oil export revenues lost due to Western financial pressures.

"The Iranians now want the price as high as possible as they've got less volumes to sell. I reckon they are probably quite close to winning based on the numbers," said Vitol's chief executive Ian Taylor.

The U.S. and Europe have imposed tough financial measures on Iran in recent months in an attempt to punish the country for what the West says is an attempt to develop nuclear weapons. Iran denies the accusation.

http://www.reuters.c...E81K14820120221
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#2 hameedeh

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Posted 21 February 2012 - 09:04 PM

(bismillah)
(salam)

Vitol: Iran winning in oil sales despite sanctions
Wed Feb 22, 2012 12:26AM GMT

The world's leading oil trader, Vitol, says the Islamic Republic of Iran has earned more from its crude output due to an increase in global oil prices, despite West-imposed sanctions.

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The energy trading company said on Tuesday that the rise in crude prices to above USD 120 per barrel had more than compensated Tehran for the revenues lost due to lower crude exports.

Vitol's chief executive, Ian Taylor, said, “I reckon they are probably quite close to winning based on the numbers. That was what everybody in the industry always thought would be the likely result.”

He noted that the decline in the value of the euro versus the US dollar had also lifted the cost of dollar-denominated oil sales for the European Union countries.

“The politicians are all avoiding the subject at the moment, but, as you know, oil is extremely expensive, especially in euros,” Taylor said.

On Tuesday, Brent crude was traded close to USD 121 per barrel, up from USD 107 at the start of the year.

The Vitol chief executive also warned that crude prices could spike above USD 150 per barrel if tensions over Tehran’s nuclear energy program escalated into a military confrontation.

“I used to think this would never happen, but everyone you speak to says the Israelis will have a go at striking at Iranian nuclear sites,” Taylor added.

After EU foreign ministers decided to ban the import of Iran's oil by member states in their January 23 meeting, Iran said it would cut oil exports to six European countries, including the Netherlands, Spain, Italy, France, Greece, and Portugal.

The country officially announced on February 19 that it would sell no more oil to the British and French companies

Source: http://www.presstv.i...ail/227914.html

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#3 Noah-

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Posted 22 February 2012 - 02:50 AM

Go Iran!!!!!!

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Ma ahl-e Kufa nistim Assad tanha bemanad!


#4 shiasoldier786

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Posted 22 February 2012 - 08:24 AM

It wasn’t supposed to be like this, the Neocons assured us. Iran would soon be on its knees because of ever more stringent US sanctions on Iran. But Iran just cheekily sent two warships through the Suez Canal to dock at the Syrian port of Tartous. The old Mubarak government in Egypt might not have allowed such a thing, but the Arab Spring has brought to power an Egyptian government eager to demonstrate its independence from Washington.

Brent crude just hit $121 dollars a barrel, the highest in 8 months and a remarkable figure in the absence of a crisis like the Libyan War (responsible for the last big spike). In part, the markets are jittery at the news that Iran is cutting off oil deliveries to the UK and France (Iranian petroleum accounts for only 1 percent of UK imports, and 4 percent of French ones). The Europeans will just find other suppliers or will end up buying Iranian oil through third parties, so the announcement isn’t that significant, but oil traders are a jittery lot. The oil sanctions plan foisted on the United States by Israel and the US Israel lobby pledged that the sanctions would not put the price of oil way up. But in fact, they have contributed to higher prices in part because of speculation on war talk.

As prices in February hit a historic high for this time of year, presaging perhaps $5 a gallon gasoline this summer in the US, Iran is still sitting pretty. The fragile European and US economies, however, may take a hit from higher transportation costs (the US will likely see a fall in summer travel and internal tourism). The same Republicans who complain that President Obama hasn’t been hard enough on Iran are cynically planning to campaign against him on his having caused higher petroleum prices, ignoring the role of sanctions on Iran and tensions with that country in the price run-up! I hate to say it but I told you so.

So what has allowed Iran to fight back against the draconian US-Israeli-European sanctions regime?

10. US and European Union financial sanctions look set to cut Iran profits on its petroleum by roughly 10 to 15 percent by raising transaction and insurance costs. But Iranian sabre-rattling about the Straits of Hormuz, for instance, along with Israeli and American warmongering rhetoric, has caused a 10 to 15 percent increase in petroleum prices on speculation over hostilities. That is, from Iran’s point of view the negative effects of the sanctions on oil profits have been cancelled out by the positive effects of the war talk.

9. The sanctions plan against Iran advocated by Israel-lobby intellectuals Mark Dubowitz and Reuel Marc Gerecht (a former CIA analyst) was deeply flawed because it did not take into account the likelihood of supply disruptions (South Sudan, Syria) or of increased demand (India, Japan, South Korea, China), as John Kemp cannily explains.

8. Saudi Arabia has been unable to ramp up production quite as much as it boasted it could to US and European allies. In part, Saudi’s reserves are declining by 3% a year, which few analysts seem to have taken into account.

7. South Sudan abruptly halted petroleum exports through Khartoum in a dispute with Sudan over its “theft” of some of the oil. That step took 350,000 barrels a day off world markets.

6. Likewise, Syria’s uprising has closed down oil production of nearly 400,000 barrels a day, and there have been problems in Nigeria. Thus, not only couldn’t Saudi quite add 2 million barrels a day to world production, but its increased output was in part offset by cut-offs elsewhere.

5. India has insisted on continuing to buy Iranian petroleum and on trading with Iran, much to the dismay of the US government. But given the tightness of world petroleum supplies and increasing Asian demand, it is difficult for me to understand why Nicholas Burns thought Delhi could do without Iran’s petroleum. In part, making sure consumers have subsidized petroleum is an election issue in India.

4. South Korea and Japan don’t believe that they can replace Iranian petroleum imports from other suppliers, and so have politely told Washington and the Neocons to jump in a lake over boycotting Iranian oil.

3. Turkey is also bucking US pressure to buy from Saudi Arabia rather than Iran. Some analysts doubt that Saudi Arabia can keep up its current 11.8 million barrels a day, and if the output fell, Turkey might be scrambling for new contracts in an even more competitive world of six months or a year down the road.

2. Iran and China have agreed on an oil deal that will boost Chinese imports from Iran. China has been completely impervious to Washington’s attempts to strongarm it into compliance with the US boycott of Iran.

1. Iran is still being supported by its neighbors, who need its aid. Iraq wants a waiver, being deeply dependent on trade with Iran. And, at a tripartite summit between Afghanistan, Iran and Pakistan, Pakistani president Asif Ali Zardari underlined that outside pressure could not undermine good relations between Islamabad and Tehran! Pakistan has an energy crisis and is seeking electricity and fuel from Iran. So, basically, US allies Afghanistan and Pakistan are paying no attention to American attempts to get them to join a boycott of Iran; in fact, they are openly defiant on this score. The three are even talking of some sort of regional bloc that would include China!

The last crackpot Neocon plan, the invasion of Iraq, ended up costing Americans about $1 trillion so far and nearly 5,000 soldiers killed. Their Iran gambit looks set to triple all the costs of the Iraq fiasco, or more. Write to your congressmen and put blame where it is due, on AIPAC.

By. Professor Juan Cole
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#5 Ugly Jinn

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Posted 26 February 2012 - 01:08 AM

Yes, Iran is winning..... :wacko:

February 26, 2012


"There is spiralling inflation; unemployment is rising and the international economic sanctions, which were intensified in the past few months on Iran to force Tehran to back down from its nuclear plans, have already started to impact the daily life of ordinary Iranians."


http://gulfnews.com/...rewing-1.986068

It will only get worse once the embargo is in effect.

Edited by Ugly Jinn, 26 February 2012 - 01:12 AM.


#6 ShiaBen

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Posted 26 February 2012 - 02:07 AM

View PostUgly Jinn, on 26 February 2012 - 01:08 AM, said:

Yes, Iran is winning..... :wacko:

February 26, 2012


"There is spiralling inflation; unemployment is rising and the international economic sanctions, which were intensified in the past few months on Iran to force Tehran to back down from its nuclear plans, have already started to impact the daily life of ordinary Iranians."


http://gulfnews.com/...rewing-1.986068

It will only get worse once the embargo is in effect.



Haters gonna hate!

#7 bolbol

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Posted 26 February 2012 - 06:53 AM

Inflation fluctuates at 9-13%, it has been like that for years.

Persian Gulf dictatorships, which have dominion status from American regime, and can freefall at any time should really dictate something better to write to their mouthpieces.

#8 Ugly Jinn

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Posted 26 February 2012 - 02:57 PM

View Postbolbol, on 26 February 2012 - 06:53 AM, said:

Inflation fluctuates at 9-13%, it has been like that for years.

"Iran’s year-on-year inflation in the year ending with the Iranian month of Dey on 20 January rose to 21% from 20.6% a month earlier (Azar), the Governor of the Central Bank of Iran (CBI) Mahmoud Bahmani was quoted as saying to the Iranian daily Arman."

http://www.mees.com/...cent-in-january

"....have fuelled inflation, officially running at around 20 percent, although some economists say it is more like 50 percent."
http://www.reuters.c...E8DO0E920120224

"Inside Iran, inflation of more than 20 per cent is taking its toll in a country where shortages accompanied by panic buying are pushing up prices more or less across the board."
http://afr.com/p/opi...jDMpCh25N16K5jI

"Iran's annual inflation rate in the month to Jan. 20 rose to 21 percent from 20.6 percent a month earlier, the Arman daily reported on Wednesday"
http://www.xe.com/ne...0.0/2474761.htm

Edited by Ugly Jinn, 26 February 2012 - 02:59 PM.


#9 shiasoldier786

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Posted 26 February 2012 - 05:17 PM

Considering the fact that interest rates on deposits are above 20% in Iran, high inflation is pretty much taken care of.
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#10 Greg Potemkin

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Posted 26 February 2012 - 05:33 PM

View Postshiasoldier786, on 22 February 2012 - 08:24 AM, said:

It wasn’t supposed to be like this, the Neocons assured us. Iran would soon be on its knees because of ever more stringent US sanctions on Iran. But Iran just cheekily sent two warships through the Suez Canal to dock at the Syrian port of Tartous. The old Mubarak government in Egypt might not have allowed such a thing, but the Arab Spring has brought to power an Egyptian government eager to demonstrate its independence from Washington....


The last crackpot Neocon plan, the invasion of Iraq, ended up costing Americans about $1 trillion so far and nearly 5,000 soldiers killed. Their Iran gambit looks set to triple all the costs of the Iraq fiasco, or more. Write to your congressmen and put blame where it is due, on AIPAC.

By. Professor Juan Cole

Yo Shiasoldier, do you have a link for this article by Juan Cole?

It would be appreciated.
When ... a whole country is unjustly overrun and conquered by a foreign army, and subjected to military law, I think that it is not too soon for honest men to rebel and revolutionize. What makes this duty the more urgent is the fact that the country so overrun is not our own, but ours is the invading army.
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#11 shiasoldier786

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Posted 26 February 2012 - 05:37 PM

View PostGreg Potemkin, on 26 February 2012 - 05:33 PM, said:

Yo Shiasoldier, do you have a link for this article by Juan Cole?

It would be appreciated.

Hey bro, check out the link below

http://www.juancole....for-it-all.html
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#12 Aarash_Australia

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Posted 26 February 2012 - 05:43 PM

obviously none of you actually know anyone in Iran.

the currency inflation has had a crippling effect on people's wages and savings, food prices, etc.

and if nothing changes, things are only going to get worse.

You think the stories of people hoarding US dollars, euros, GBP, gold (even diamonds!) are false?

Ask any actual Iranian resident how things are going.........

Then compare it to the average Westerner, who will barely even notice the extra few cents added on to his/her liter of petrol.

#13 shiasoldier786

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Posted 26 February 2012 - 05:58 PM

View PostAarash_Australia, on 26 February 2012 - 05:43 PM, said:

obviously none of you actually know anyone in Iran.

the currency inflation has had a crippling effect on people's wages and savings, food prices, etc.

and if nothing changes, things are only going to get worse.

You think the stories of people hoarding US dollars, euros, GBP, gold (even diamonds!) are false?

Ask any actual Iranian resident how things are going.........

Then compare it to the average Westerner, who will barely even notice the extra few cents added on to his/her liter of petrol.

Fair enough, people may be suffering, but they have made that choice, in order to become an independent nation. Despite all the sanctions put on Iran, all polls conducted by western organisations show that the people unanimously support the countrys nuclear programme, and that it is a source of national pride. This is undisputed. Thus, its the people who have made the choice, fully knowing the consequences- to fight for their rights and not be bullied by western powers.
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#14 ShiaBen

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Posted 26 February 2012 - 06:04 PM

View PostAarash_Australia, on 26 February 2012 - 05:43 PM, said:

obviously none of you actually know anyone in Iran.

the currency inflation has had a crippling effect on people's wages and savings, food prices, etc.

and if nothing changes, things are only going to get worse.

You think the stories of people hoarding US dollars, euros, GBP, gold (even diamonds!) are false?

Ask any actual Iranian resident how things are going.........

Then compare it to the average Westerner, who will barely even notice the extra few cents added on to his/her liter of petrol.

You are an idiot.

My cousin fresh out of university, just got a job. It took him a few years, but he finally got one.

He was patient, he didn't stand around moping and groaning about the economic crisis.

He showed Iman and hard work, remained vigilant, and it paid off.

Just because your family are incompetent, lazy, and ignorant, does not represent the entire population of Iran.

#15 Aarash_Australia

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Posted 26 February 2012 - 06:10 PM

View Postshiasoldier786, on 26 February 2012 - 05:58 PM, said:

Fair enough, people may be suffering, but they have made that choice, in order to become an independent nation. Despite all the sanctions put on Iran, all polls conducted by western organisations show that the people unanimously support the countrys nuclear programme, and that it is a source of national pride. This is undisputed. Thus, its the people who have made the choice, fully knowing the consequences- to fight for their rights and not be bullied by western powers.

"the people" haven't and don't make any such choices.

the economic policy of the country is a mess.

View PostShiaBen, on 26 February 2012 - 06:04 PM, said:

You are an idiot.

My cousin fresh out of university, just got a job. It took him a few years, but he finally got one.

He was patient, he didn't stand around moping and groaning about the economic crisis.

He showed Iman and hard work, remained vigilant, and it paid off.

Just because your family are incompetent, lazy, and ignorant, does not represent the entire population of Iran.

LOL.

#16 MysticKnight

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Posted 26 February 2012 - 06:13 PM

Iran always belittles sanctions, but it does hurt them a lot. Although all the sanctions till now, are nothing compared to what they are facing now. The fact that others can't invest in Iran is a huge thing, and it's huger then the oil sanctions. At the end though, it's worth becoming independent for.

Suppose Iran would have got the nuclear fuel from the west, then they get all sorts of nuclear plants running, then all of a sudden, some political thing happens;, and they decide they will not give it to them. They will devastate their economy in bigger way. And do you honestly trust the west?
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#17 ShiaBen

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Posted 26 February 2012 - 06:14 PM

"LOL"  yes make this response. Because you got burned! You said its impossible to live in Iran. And I just proved you wrong.

#18 Noah-

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Posted 26 February 2012 - 06:16 PM

View PostAarash_Australia, on 26 February 2012 - 06:10 PM, said:

"the people" haven't and don't make any such choices.

The people make such choices... Even the opposition in exile who don't believe in the Islamic Republic support the nuclear program with great interests.. from Leftists to those who support the Shah.

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#19 shiasoldier786

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Posted 26 February 2012 - 06:19 PM

View PostAarash_Australia, on 26 February 2012 - 06:10 PM, said:


the economic policy of the country is a mess.


Seems like our e-economist on shiachat from Australia knows better than the worlds most renowned economists that work for the International Monetary Fund, who have praised Irans economic policies.

http://www.bloomberg...bsidy-plan.html
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#20 Aarash_Australia

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Posted 26 February 2012 - 06:22 PM

View PostShiaBen, on 26 February 2012 - 06:14 PM, said:

"LOL"  yes make this response. Because you got burned! You said its impossible to live in Iran. And I just proved you wrong.

So you're, what, about 14 or 15, right?

I said it was impossible to live in Iran?

Then why do I live there? :donno:

#21 ShiaBen

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Posted 26 February 2012 - 06:24 PM

That will “increase the efficiency and competitiveness of the economy, improve income distribution, reduce poverty and help Iran unlock its full growth potential,” the IMF said.

View PostAarash_Australia, on 26 February 2012 - 06:22 PM, said:

So you're, what, about 14 or 15, right?

I said it was impossible to live in Iran?

Then why do I live there? :donno:

You say you live in Australia. Now you say you live in Iran.

You're a horrible liar.

And even if you lived there. Your incompetence and personal issues does not represent the entire population of Iran.

You are not a representative sample. You are just lazy Arash who wants to sit back and complain all day because you refuse to do anything about your situation. You are who you are.

Edited by ShiaBen, 26 February 2012 - 06:25 PM.


#22 Aarash_Australia

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Posted 26 February 2012 - 06:28 PM

View PostNoah-, on 26 February 2012 - 06:16 PM, said:

The people make such choices... Even the opposition in exile who don't believe in the Islamic Republic support the nuclear program with great interests.. from Leftists to those who support the Shah.

and who wouldn't support a peaceful Iranian nuclear program?

that's neither here nor there, with regard to "the people" of Iran "making the choice". They have nothing to do with government policy.

View Postshiasoldier786, on 26 February 2012 - 06:19 PM, said:

Seems like our e-economist on shiachat from Australia knows better than the worlds most renowned economists that work for the International Monetary Fund, who have praised Irans economic policies.

http://www.bloomberg...bsidy-plan.html

so when an outlet like Bloomberg reports on the positive economic growth that instituting capitalist policies obviously makes.......... you believe it and cite it.


but when the same or similar outlet reports on the crippling effect of the sanctions.... it's Zionist propaganda, right?

View PostShiaBen, on 26 February 2012 - 06:24 PM, said:

That will “increase the efficiency and competitiveness of the economy, improve income distribution, reduce poverty and help Iran unlock its full growth potential,” the IMF said.



You say you live in Australia. Now you say you live in Iran.

You're a horrible liar.

And even if you lived there. Your incompetence and personal issues does not represent the entire population of Iran.

You are not a representative sample. You are just lazy Arash who wants to sit back and complain all day because you refuse to do anything about your situation. You are who you are.

hehehehe.

I'm not even an Iranian citizen. it's not "my situation" - it has nothing to do with me.

just trying to inject some reality on this website.

who knows, if I help just one.....

#23 ShiaBen

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Posted 26 February 2012 - 06:30 PM

View PostAarash_Australia, on 26 February 2012 - 06:28 PM, said:

and who wouldn't support a peaceful Iranian nuclear program?

that's neither here nor there, with regard to "the people" of Iran "making the choice". They have nothing to do with government policy.



so when an outlet like Bloomberg reports on the positive economic growth that instituting capitalist policies obviously makes.......... you believe it and cite it.


but when the same or similar outlet reports on the crippling effect of the sanctions.... it's Zionist propaganda, right?



hehehehe.

I'm not even an Iranian citizen. it's not "my situation" - it has nothing to do with me.

just trying to inject some reality on this website.

who knows, if I help just one.....

You are going around in circles: ShiaSoldier's article mentions both the problems and the solution to these problems.


Problems in Iran as mentioned in the article:

1. Lack of efficiency and competitiveness in the economy
2. Income distribution is poor
3. Poverty is problematic
4. Growth is slow

Solution to the problems in Iran:

1. Monthly Cash Payments
2. Safe Cuts in subsidies

= The measures will remove as much as $60 billion in subsidies, or 15 percent of Iran’s gross domestic product, the IMF said. That will “increase the efficiency and competitiveness of the economy, improve income distribution, reduce poverty and help Iran unlock its full growth potential,”

Edited by ShiaBen, 26 February 2012 - 06:37 PM.


#24 Aarash_Australia

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Posted 26 February 2012 - 06:36 PM

View PostShiaBen, on 26 February 2012 - 06:30 PM, said:

You are going around in circles.

The reason he used Bloomberg was because blind fools such as yourself deliberately said Iran's economically getting worse and worse, prices are going up, blah blah blah. And in the Bloomberg article, it shows no deceit. It reveals the problems that you've mentioned, however, it also shows how the positives are cancelling out the negatives, something you fail to understand when you read the article.

no, it absolutely does not.

But since you're only 14 or 15, I wouldn't expect you to be able to differentiate between GDP growth, cost-of-living indices, inflation, etc.

But I encourage you to use Google to find out these things for yourself. Hell, if you're really clever, you'll even find the articles referring to Iranian MPs, Iranian economists, and the head of Iran's Central Bank criticizing the government's economic policies.

Start here: news.google.com

Good luck!

#25 ShiaBen

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Posted 26 February 2012 - 06:39 PM

View PostAarash_Australia, on 26 February 2012 - 06:36 PM, said:

no, it absolutely does not.

But since you're only 14 or 15, I wouldn't expect you to be able to differentiate between GDP growth, cost-of-living indices, inflation, etc.

But I encourage you to use Google to find out these things for yourself. Hell, if you're really clever, you'll even find the articles referring to Iranian MPs, Iranian economists, and the head of Iran's Central Bank criticizing the government's economic policies.

Start here: news.google.com

Good luck!

The article itself explained the entire situation and I even broke it down for you. Read above. Stop pretending to be ignorant.



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