Sunday, 15 July 2012

The Latest from Iran (15 July): Worries Over the Economy

Iranians line up to buy cheaper chicken as the price of meat rises sharply


0705 GMT: A slow start to Sunday in Iran, however --- in contrast to the normal diet from State media of all-is-well assertions about the economy --- IRNA leads with more telling remarks from the head of the Central Bank, Mahmoud Bahmani, that the currency market is still "unrealistic".

The Iranian Rial has settled after a slide last month, but it is still at 19150:1 vs. the US dollar on the open market, a gap of almost 60% from the "official" rate of 12260:1.

Bahmani offered no hint of measures to deal with the issue, which has significantly affected Iranian production and fed inflation because of the rising cost of imports.

The opposition site Kalemeh reinforces the story --- running through EA all week --- of the soaring price of chicken and the long queues of Iranians seeking cheaper meat. This weekend, the head of Iran's police criticised films that show people eating chicken as they incite the poor "to stab the rich".


from EA WorldView: EA Iran

Posted via email from lissping

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