NewsMine — war-on-terror — iran — nuclear-posturing — Viewing Item

Iran moves its western assets east { December 2006 } Original Source Link: (May no longer be active)    http://today.reuters.com/business/newsarticle.aspx?type=tnBusinessNews&storyID=nL20297078&imageid=&cap= http://today.reuters.com/business/newsarticle.aspx?type=tnBusinessNews&storyID=nL20297078&imageid=&cap= RPT-UPDATE 1-Iran says begins transferring foreign holdings Friday 20 January 2006, 4:30am EST (repeats to make available to additional subscribers) TEHRAN, Jan 20 (Reuters) - Iran, which could face U.N. economic sanctions over its atomic programme, has started to transfer assets held in foreign accounts, the central bank governor was quoted as saying on Friday. "We transfer foreign reserves to wherever we see as expedient. On this issue, we have started transferring. We are doing that," Ebrahim Sheibani told the ISNA students' news agency when asked about the need to move Iran's holdings. ISNA specifically asked whether the money was being moved to Asian accounts but Sheibani's answer sidestepped whether the assets would head east. Sheibani told reporters earlier this week that Iran stood ready to repatriate the money it held abroad should this prove necessary. Iran has bitter memories of its U.S. assets being frozen shortly after the 1979 Islamic revolution. ISNA's question appeared to be based on an article in the London-based Asharq al-Awsat Arabic daily that said Iran's Supreme National Security Council had ordered foreign holdings be shifted to Asia. Iran is the fourth biggest oil exporter in the world and the second largest in the Organisation of the Petroleum Exporting Countries. Eighty percent of its export earnings come from oil, the price of which has soared over the past two years. Economists estimate Iran will have earned more than $40 billion in oil revenues by the end of the year to March 2006. Of this, $16 billion goes straight to budgeted government spending. The rest goes to the Central Bank of Iran which keeps an unknown amount of holdings in foreign accounts. The Naftiran Intertrade Company (NICO), the powerful trade and financing arm of the National Iranian Oil Company, is based in Switzerland. © Reuters 2006. All Rights Reserved.

Ahmadinejad says oil prices will increase Blair threatens UN action on iran { January 11 2006 } Brazil pursues nuclear enrichment without fuss { April 20 2006 } Brits produce documents for iran pretext { January 4 2006 } Bush calls plans to strike iran wild speculation { April 10 2006 } Bush takes strong stand against iran nukes { June 18 2003 } Bush wont rule out nuclear strike on iran China and russia unite against west Concerns iran nuclear arms { May 8 2003 } Defying UN iran opens nuclear reactor { July 2006 } EU pressures iran with documents European sanctions against iran could raise oil prices France says iran seeks nuke weapons Frist says military action possible against iran German chancellor likens iran nuclear threat to nazis IAEA demands iran disclose nuclear intentions Iran braces for nuclear dispute { April 17 2003 } Iran ignores UN nuclear deadline { August 31 2006 } Iran issues stark military warning to united states Iran moves its western assets east { December 2006 } Iran nuclear plant { July 29 2002 } Iran nuke experts visisted nkorea { June 11 2003 } Iran plans small scale nuclear fuel work { December 2005 } Iran president said iran heading toward annihilation { April 15 2006 } Iran says military unaffected by UN sanctions { April 18 2007 } Iran says spy drones flew over nuclear sites Iran stalling EU to create atomic weapon Iran tests radar avoiding missile { March 31 2006 } Iran warns europe to make nuke talks works { May 22 2005 } Iranian president wins syrian support on atomic row Irans nuclear threat Scientists working on nuclear bomb Un nuclear agency demanding iran come clean { September 7 2003 } Un says iran had nuclear program { November 11 2003 } Uranium for nuclear plant US considers use of nuclear weapons against iran { March 2006 } US debates nuclear strikes on iran { September 15 2004 } US official claim iran 16 days from nuclear bomb US open to new iran russia nuclear talks { March 13 2006 } Us waging psychological warfare World nuclear panel refer iran to UN security council { February 4 2006 } Files Listed: 41

Correction/submissions

CIA FOIA Archive

National Security Archives

This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information, go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purpose of your own that go beyond 'fair use', you must obtain permission from the copyright owner.