0705 GMT: Amid the regime's attempts on Saturday to display a "solution" to the currency problem, as well as the all-is-normal of the reopening of the Tehran Bureau, President Ahmadinejad offered a revealing statement in his public pondering on the economy: "The market is disrupted by the devil."
Ahmadinejad may not necessarily believe that Satan is the culprit. However, his assertion points to the belief that the economic problems have nothing to do with Government policies or structural issues --- indeed, the President said last week that he and his advisors "were not to blame".
That leaves the impression that everything can be fixed if the "devils" who have disrupted the system can be rounded up and, indeed, the judiciary announced Saturday that 30 people had been detained. In addition, the regime's introduction of a third fixed rate --- including two in the last two weeks --- to display a strengthened Rial was accompanied by an attempt to control information about what might actually be happening in foreign exchanges and currency markets.
Will this deal with the "Devil"? We offer an analysis, "Has the Regime Solved the Currency Crisis?"
Posted via email from lissping
No comments:
Post a Comment
Note: only a member of this blog may post a comment.