“The sums involved are enormous. Official Turkish trade data suggests nearly $2 billion worth of gold was sent to Dubai on behalf of Iranian buyers in August. The shipments help Tehran manage its finances in the face of Western financial sanctions. The sanctions, imposed over Iran’s disputed nuclear program, have largely frozen it out of the global banking system, making it hard for it to conduct international money transfers. By using physical gold, Iran can continue to move its wealth across borders. Turkish trade data confirms the gold is being transported to Dubai by air.”
http://www.reuters.com/article/2012/10/23/us-emirates-iran-gold-idUSBRE89M0SW20121023
Related posts:
Bitcoin Exchange Venture With Leading Asian Game Developer Announced
Lord Rothschild takes £130m bet against the euro
Body cam shows dad had hands up when cops killed his 6-year-old son
Starbucks Pays $15.4 Million Corporation Tax, Closes Stores Amid British Backlash
I Bought Everything on My Christmas List with Bitcoin
Tibetan mastiff twins sell for record-breaking $3 million in China
Death Of The S Corp As A Tax Election?
Ticket quota whistleblower cop loses NYPD suit
Japan Returns to Atomic Club With Restart Amid Public Opposition
Unease at Clinton Foundation Over Finances and Ambitions
Healthy girl confiscated from parents who smoked pot, given to murderous foster mother
Glenn Greenwald's partner detained at Heathrow airport for nine hours
Holder promises not to pursue death penalty against Snowden
Brewer says his just-add-water beer mix tastes 'just as good' as the original
Kerry Calls for Democracy as US Flag Is Raised in Cuba