0630 GMT: Nuclear Front. Yesterday we opened with the analysis that there is no prospect of renewed high-level discussions between Iran and the 5+1 Powers (US, Britain, France, Germany, China, and Russia) on Tehran's nuclear programme, primarily because Washington and the Europeans have little interest in negotiations unless Iran signals concessions in advance.
A senior official of the Foreign Ministry, Mostafa Dolatyar, indicated on Sunday that this is also the Islamic Republic's assessment, telling a seminar in Moscow: "The United States and its allies have adopted hostile approaches and unconstructive positions in the past years, thereby killing the chance of obtaining any agreement."
0620 GMT: We begin this morning with a snap analysis on "The Currency Crisis", as we watch for further developments and the political effects.
The leading currency website Mesghal has yet to update Sunday's closing figure of 24450 Rials to the US dollar, a fall of more than 12% in value since the start of Saturday trading on the open market.
State media, meanwhile, has no news on the situation, preferring to announce that the South Pars oil field will start production in March 2013 and to headline "Iran, China Tied in World Peace Quest". State news agency IRNA prefers the announcement that the Government will provi de low-interest loans to farmers affected by last month's earthquake in East Azerbaijan Province, and the good-news claim that water and electricity capacity has increased.
Posted via email from lissping
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