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Wednesday, October 3, 2012

Ahmadinejad: "This is a psychological war"


Iranian President Mahmoud Ahmadinejad has been reported in the current currency crisis to speak. He said the country can deal with the sanctions, the central bank has enough money to pay for imports. Shortly before the speech was the rial, Iran's currency dropped to a record low against the dollar. Mahmoud Ahmadinejad: "We have managed our enemies, reducing our oil sales part. Hopefully we can compensate. This is a battle. Everyone knows that foreign trade and economic relations with other countries play a major role in the Iranian economy. This is mainly a psychological war that has tremendous impact on the markets. " Since late 2011 the rial has lost more than 80 percent of its value. A sign that the nuclear sanctions by the West against Iran attack. The country has difficulties to get foreign exchange. Brunt of the sanctions are the people in the country. On the one hand their property to lose value, on the other hand they now have to pay for food as more and more, prices will rise in the markets. Inflation currently stands at just over 25 percent.

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