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Liquidity crisis strangling Iran and the government unable to pay salaries

BLACKEAGLE

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Revolution of the hungry waiting for Tehran's rulers with the depletion of foreign reserves
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Iranian intelligence report said it is likely that government workers do not receive their full salaries within the next three months.

The Iranian Intelligence Ministry in a confidential report published on Iranian sites that are likely to achieve huge deficit in foreign exchange reserves in Iran's in the coming months, releasing warnings of the risk of social unrest in the country.

Since the entry into force of the European ban on the purchase and transport of Iranian oil a month and a half ago Iran loses daily about $ 133 million of oil sales.

The report said that foreign reserves in Iran would be run out over the next six months because of severe budget deficit, the government may be forced to pay half of the monthly salary of its employees.

According to the report, Secret Intelligence implicitly warned in light of the difficult economic conditions of the risk of causing hunger in the riots, particularly in border cities.

Iranian currency fell to record low levels, which dropped by a large margin, after the president Central Bank of Iran, Mahmoud Bahmani, said that he would announce the government for raising the price is hard 12260 during the next ten days to accommodate the "international developments."

According to Iranian bankers, the official price to be used only as a reference.

Observers say that the huge gap between the two rates has led to widespread financial corruption in the Iranian government, which means getting enormous profits on the dollar at the official rate .

The official data acknowledges that Iranian factories operating at half capacity amid a great wave of corporate bankruptcies, and inflation levels up to 33%, while the prices of chicken, meat and milk rising up to 80% during the current year.

http://www.alarabiya.net/articles/2012/09/04/236068.html
 
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