No Kidding: Iran Finding Ways to Evade Sanctions, U.S. Warns January 11, 2013  9:31 am

irans-atomic-energy-vice-president-fereydoun-abbasi-davaniIran is still finding ways to bypass sanctions, the U.S. Treasury Department said Thursday. Adam Szubin, director of the Office of Foreign Assets Control, which supervises American enforcement of the sanctions, said the Iranians were using private exchange houses and trading companies in other countries, masking transactions with fake identities and relying on the paperless practice known as hawala, in which money is transferred informally and often illegally through couriers.

On Wednesday, Iran’s Central Bank said the annual inflation rate reached 27% at the end of 2012, but private economists say that figure vastly understates the real inflation rate. Steve H. Hanke, a Johns Hopkins University economics professor, calculated that Iran’s inflation rate last year was 110%.

{Andy Heller-Matzav.com Newscenter}

Print this Post
 
0 Responses to No Kidding: Iran Finding Ways to Evade Sanctions, U.S. Warns

LEAVE A COMMENT

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Copyright © 2015 Matzav.com - The Online Voice of Torah Jewry