Wednesday, April 18, 2018

Eye on Iran: Iran's Foreign Currency Markets In Chaos Despite Central Bank Intervention



   EYE ON IRAN
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TOP STORIES


One week after the Rouhani administration announced the government-imposed rate of 42,000 rials against every US dollar, chaos and ambiguity in Iran's foreign exchange market continue.


Israel released details on Tuesday about what it described as an Iranian "air force" deployed in neighboring Syria, including civilian planes suspected of transferring arms, a signal that these could be attacked should tensions with Tehran escalate.


The U.S. Department of Commerce has banned American companies from selling components to leading Chinese telecom equipment maker ZTE Corp. for seven years for violating the terms of a sanctions violation case, U.S. officials said on Monday. The U.S. action, first reported by Reuters, could be devastating to ZTE since American companies are estimated to provide 25 percent to 30 percent of the components used in ZTE's equipment, which includes networking gear and smartphones. The ban is the result of ZTE's failure to comply with an agreement with the U.S. government after it pleaded guilty last year in federal court in Texas to conspiring to violate U.S. sanctions by illegally shipping U.S. goods and technology to Iran.

NUCLEAR & MISSILE PROGRAMS


President Hassan Rouhani said Iran would make or buy any weapons it needed to defend itself in a region beset by "invading powers", as the military paraded missiles and soldiers in front of him on National Army Day.  

U.S.-IRAN RELATIONS

John Bolton's appointment as national security adviser has given rise to a lot of hand-wringing about the possibility of another U.S. war in the Middle East. Critics should pause before they rush to judgment. The U.S. remains entangled in the Syrian war, attempting to mitigate the damage of Bashar Assad while searching for a way forward in what looks increasingly like a no-win situation. We have necessarily renewed our 15-plus year commitments in Afghanistan, where the Taliban appears poised to attempt a comeback. Meanwhile, our Middle Eastern allies are threatened by another civil war in Yemen. Discord undermines stability in Iraq and a number of other countries essential to national and international security.


Iranian-backed militants are operating across the United States mostly unfettered, raising concerns in Congress and among regional experts that these "sleeper cell" agents are poised to launch a large-scale attack on the American homeland, according to testimony before lawmakers. Iranian agents tied to the terror group Hezbollah have already been discovered in the United States plotting attacks, giving rise to fears that Tehran could order a strike inside America should tensions between the Trump administration and Islamic Republic reach a boiling point.

SYRIA


With tacit American support, the Israeli military targeted an advanced Iranian air-defense system at a Syrian base last week, said intelligence officials and others briefed on the matter, the latest sign the Trump administration is working with Israel to blunt Tehran's expanding influence in the Middle East.


President Trump intends to withdraw U.S. forces from Syria as soon as possible following the defeat of the Islamic State, senators said Tuesday following a classified briefing.


Turkish President Tayyip Erdogan and his Iranian counterpart Hassan Rouhani agreed on Tuesday to maintain the cooperation between Turkey, Iran and Russia for a political solution to the conflict in Syria, a source in Erdogan's office said.


The U.S. and its British and French allies defied Russian warnings Friday in a trilateral attack against Syrian government facilities allegedly associated with the production of chemical weapons. However, experts said the move was unlikely to end the war unless the U.S. could establish a follow-up strategy and some common ground with Russia and Iran.

HUMAN RIGHTS


The United Nations granted accreditation to American groups focusing on human rights in North Korea and Iran on Tuesday, overturning a committee's rejection and giving the groups the right to speak at the Human Rights Council and other U.N. bodies.


On the same day the secretary of Iran's Supreme Cyberspace Council told a radio program that the widely used Telegram app could be blocked "at any moment," the Education Ministry banned the app on campuses nationwide.


Lawmakers in Iran's mostly Arab-populated Khuzestan Province have demanded a meeting with the head of the state-run Islamic Republic of Iran Broadcasting (IRIB) organization and its board of supervisors "regarding insults against Iran's honorable ethnic peoples, namely the honorable Arabs of Khuzestan." Hundreds of people were arrested in Khuzestan in March 2018 after protests initially aimed at IRIB's decision to air a children's program excluding Arabs from a map ostensibly displaying the geographic locations of the country's different ethnic minorities morphed into larger demonstrations.

ECONOMIC WARFARE


The rial's freefall shows how vulnerable the Islamic Republic's economy is, but does Trump have patience for economic warfare?

ECONOMIC NEWS


Iran has switched from the U.S. dollar to the euro as its official reporting foreign currency, state media reported on Wednesday.  The decision was taken in a cabinet meeting as the government tries to manage the exchange rates and support the plunging rial.

IRANIAN INTERNAL DEVELOPMENTS

Iran's Deputy Environment Chief Resigns amid Mounting Pressure from Hard-liners | Al Monitor

The young deputy head of Iran's Department of Environment, Kaveh Madani, has decided to resign and leave the country following increasing pressure from hard-liners.

An Iranian lawmaker on Tuesday criticised a recent crackdown on environmental activists and officials, saying it risked "bad consequences for the country", the semi-official ISNA news agency reported.


Iranian rights activists are creating hi-tech solutions to promote civil liberties, despite frequent internet shutdowns.

GULF STATES, YEMEN, & IRAN


Iran is exploiting the situation in Yemen, arming opponents of the internationally recognized government and using the country as a "test bed" for malign activities, a top Defense Department official told lawmakers today.

HEZBOLLAH & LEBANON


Israel and Iran are in "direct confrontation," Naim al-Qassem, Hezbollah's deputy secretary-general, warned on Tuesday. His comments should be interpreted as a message to Jerusalem that the gloves are coming off in Tehran and the Islamic Revolutionary Guard Corps is angry about alleged Israeli strikes on Iranian assets in Syria.

RUSSIA & IRAN


Russia's Energy Minister Alexander Novak said on Tuesday that Russia and Iran could extend a bilateral deal on oil supplies for five years when it runs out at the end of the year, the TASS news agency reported.


Despite the recent and necessary American-Franco-British airstrikes against President Assad's chemical weapons infrastructure, the United States is losing in Syria and condemning its oppressed citizens and freedom fighters to lose as well. As President Trump plans to withdraw U.S. forces there, Presidents Putin of Russia, Rouhani of Iran, and Erdogan of Turkey wrapped up another summit, consolidating even more power and influence in the region at the expense of America's allies. The order of the Middle East is at stake, our country must re-engage. America, the most powerful nation in the world, should be driving policy.

ISRAEL & IRAN


Iran has threatened to punish Israel for its airstrikes in Syria, after reports emerged that an unnamed Israeli military official had confirmed his country was behind an attack on an Iranian drone base in Homs province.


Israel is making a new effort to engage the people of Iran, as the two regional rivals trade increasingly tough rhetoric and threaten to attack the other in self-defense.






Eye on Iran is a periodic news summary from United Against Nuclear Iran (UANI) a program of the American Coalition Against Nuclear Iran, Inc., a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code. Eye on Iran is not intended as a comprehensive media clips summary but rather a selection of media elements with discreet analysis in a PDA friendly format. For more information please email press@uani.com.

United Against Nuclear Iran (UANI) is a non-partisan, broad-based coalition that is united in a commitment to prevent Iran from fulfilling its ambition to become a regional super-power possessing nuclear weapons.  UANI is an issue-based coalition in which each coalition member will have its own interests as well as the collective goal of advancing an Iran free of nuclear weapons.

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