Monday, 7 May 2018

Rumours of crisis in Iran's financial/banking sector in Iran

It is my honest hope that this is wrong and overblown. But pressure on Russia and Iran is inevitable at this juncture.


IRAN FINANCIAL SYSTEM COLLAPSING; GOLD TRADING HALTED

6 May, 2018

IRAN CLOSED ITS GOLD TRADING MARKET ON SUNDAY, MAKING IT IMPOSSIBLE FOR CITIZENS TO PURCHASE BULLION.


MORE: Iran currency collapsing against US Dollar; Banks in Qoms allegedly now "belly-up" - Iranians in panic as life savings possibly wiped out by failing banks.

From direct sources inside Iran:

Source 1: "Gold market in Iran closed due to skyrocketing USD exchange rates."

Source 2: "People in panic. Warning each other to withdraw their bank accounts as the banks may be announced bankrupt any moment and their savings will be lost."

Source 3: "Everyone thought because Iran dropped the USD that it would be the US which suffered, but looks like that's not so."


UPDATE 10:02 PM EDT --

Source 2: "Reports that many banks in Qom, Central Iran, had already gone bankrupt"



This is from Twitter- I have no idea of who the tweeter is other than he describes himself as a 'human rights activist' who writes for al-Arabiya among other publications, so....


May 6 - Currency update Tehran, Sources say US dollar is priced at 70,000 & even 80,000 rials in some locations. There are stores that no longer accept Iranian currency for their goods. 6 days to Trump's deadline
May 6 - Currency update Qom, central Source says many banks are bankrupt & a number of Bank Sepah branches have merged.
May 6 - Currency update Mashhad, NE Gold market closed due to skyrocketing US dollar rates. People warning each other to withdraw their banks accounts as the regime may claim the banks are bankrupt & steal their savings. 6 days to Trump's deadline
The empty Bank Saderat (Export) Iran branch in this video is in the most crowded part of Qom during rush hour.

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