Iran's President Ties Drop in Currency to Sanctions - New York Times [getdailynow.blogspot.com]

Iran's President Ties Drop in Currency to Sanctions - New York Times [getdailynow.blogspot.com]

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TEHRAN â€" Iran’s president admitted Tuesday that the American-led economic sanctions on the country were partly to blame for a breathtaking 40 percent fall in value of the Iranian national currency, the rial, over the past week. He pleaded with Iranians not to exchange their money for dollars and other foreign currencies.

Speaking during a news conference broadcast live by several domestic and international Iranian news channels, the president, Mahmoud Ahmadinejad, said Iran is facing a “psychological war” waged by the United States and aided by what he described as internal enemies.

The drop of the national currency is caused in part by the sanctions imposed by the West over Iran’s disputed nuclear program, which has prevented it from selling oil and transferring money, he said. The president also blamed a domestic band of “22 people in three separate circles” who with “one phone call” could manipulate foreign exchange trades in Iran.

One Web site, Mashregh news, reported Tuesday that President Ahmadinejad had ordered the arrests of those “disturbing the currency market.”

The fall in the currency’s value has presented Iran with enormous economic risks, including the possibility of starting a severe bout of inflation, which is already high. A rising sense of economic crisis in Iran could also pose political challenges to the country’s leaders.

Mr. Ahmadinejad’s dramatic address was aimed at the teachers, bus drivers, businessmen and others who have been frantically converting their savings into dollars and euros at the dozens of unofficial currency-exchange shops in the center of Tehran.

“I ask you, dear people, do not change your money into foreign currency,” Mr. Ahmadinejad said, stressing that such moves would only help the “enemy.”

But on the streets, a fresh day of roller-coaster currency drama played out, in which the rial first fell, then surprisingly strengthened and sank again, to settle around its Monday record low of roughly 37,000 to the dollar. The rate had been 24,600 rials per dollar as of last Monday.

Playing into the mixed emotions expressed by many Iranians, who are confused over whether to blame economic mismanagement by the government or the Western sanctions, Mr. Ahmadinejad fully put the blame on the United States and “internal enemies.”

He described the United States government as plotting to make Iranians miserable, stressing that the sanctions are hurting normal people instead of Iran’s leaders. “They are telling you lies, their pressures are on the people, not on the government,” he said.

Foreign exchange supplies in the country are sufficient to quench all needs, he said, and he lauded the central bank, which, in his words, had managed to “find ways” around the obstacles.

“The enemies are trying to blame the economic problems on the government. No. Never. There is no economic reason for these erratic ups and downs,” Mr. Ahmadinejad said. “I have no doubt that we will return to normal conditions.”

But he did not offer any specific solution to the crisis, and the rial’s value weakened after he spoke. The reaction prompted one currency changer to predict the rial would continue to lose value against the dollar and other currencies.

Mr. Ahmadinejad said the economic pressures on Iran caused by the sanctions would never force it to compromise on the country’s uranium enrichment program, which Iranian leaders say is purely peaceful but the West suspects is a cloak for developing nuclear weapons capability. But the president repeated an earlier Iranian offer to stop enriching uranium to 20 percent purity, if world powers would be willing to provide Iran with that grade of nuclear fuel.

“We have announced that if they give us the fuel, we will stop production,” Mr. Ahmadinejad said. “But so far no one is prepared to do so.”

Also on Tuesday an Iranian lawmaker threatened that Iran would enrich uranium to 60 percent purity â€" much closer to bomb-grade material, if talks with world powers failed.

The lawmaker, Mansour Haqigatpour, deputy head of the Foreign Policy and National Security Committee in parliament, said Iran needed the higher enriched fuel for still-to-be-designed nuclear submarines and ships, Iran state television English language news channel Press TV reported.

Find More Iran's President Ties Drop in Currency to Sanctions - New York Times Issues

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Question by Princess: "Freedom is the distance between church and state" what do you think of that statement? Personally, I think "separation of church and state" is nothing but crap created by a bunch of whiny atheists and needs to be abolished. Best answer for "Freedom is the distance between church and state" what do you think of that statement?:

Answer by Buddy R
Separation of church and state is not in the US constitution. Perhaps you were thinking of Russia. The founding fathers wanted the church to influence the government but wanted the government to keep its nose out of the church's affairs. The most oppressive nations to ever exist have all been officially atheist nations like the USSR, China, Cuba, ect. The US was founded on Christian principles and has had more liberties than any other nation ever known.

Answer by wascaly wabbit
The christian community should not be in politics the conservative republicans play on the christian belief promising protection with one hand and robbing them with the other .No christian politics should be abolished for the sake of christianity.

Answer by Godless Atheist
Doesn't the First Amendment states that "Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof."? Homosexuals can't get married because?

Answer by Steve
the founding fathers did not want a government run religion in the new country like England but wanted the freedom to practice the religion of our choice freely and with out hindrance

Answer by mrglass08
Freedom is the distance between the government and the governed. FIFY

Answer by Peaceful Warrior
And exactly how would being forced to live under a religious government be "Freedom"? Why did they leave England in the first place? To get away from state mandated religion! This country was established on freedom. And that includes freedom of/from religion. If you don't like it, there are plenty of countries that have religion run governments, and you are welcome to go there and be under their thumb.

[state]

Chris Balton - Producer / Director Donna Summer "State of Independence" (4:25) Donna Summer covered Jon Anderson & Vangelis State of Independence on her 1982 album Donna Summer produced by Quincy Jones. Summers version of the song features an all-star choir including among others Michael Jackson, Brenda Russell, James Ingram, Dionne Warwick, Kenny Loggins, Lionel Richie and Stevie Wonder. It reached Number 14 in Britain and 41 in the US. Quincy Jones, who produced it, later claimed that it was the inspiration for the USA for Africa collaboration two years later.

Donna Summer "State of Independence" (4:25)

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