Tuesday, March 14, 2006
Where are the billions?

Iranian mullahs held a total of $25 billion in banks of 39 countries contributing to a survey of the Bank for International Settlements as of end-September, a BIS economist said yesterday.

Karsten von Kleist gave Reuters details of the survey as world markets digested a statement from a senior Iranian official on Friday that Iran was transferring assets from European accounts to other foreign banks.

The Middle East oil producer faces possible United Nations sanctions over its nuclear programme.

Von Kleist said the $25 billion figure compares with $23.5 billion at end-June, a number which has been on the rise in recent quarters. On the asset side of their balance sheets, the banks in the 39 countries across the world had lent $27.1 billion to Iranian customers at end-September. That compared with $25.6 billion at end-June, von Kleist said. Iran's foreign ministry has flatly denied any currency has been transferred from overseas accounts. Analysts have been trying to gauge the amount of Iranian assets in Western markets since Friday's statement.

The Bank of England said on Friday Iranian banks' money in Britain amounted to $4.1 billion at the end of September. UBS the world's biggest asset manager said on Sunday it was cutting its ties with Iran because the business was unattractive.

Source: Reuters

Posted at 01:58 pm by waterworld


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Welcome to the Waterworld.

Here I will share with you my thoughts on music, literature and politics.

I am specifically interested in the treasury of Parsi literature.

Iran, and the movement for democratic change have my special interest too.

While singing, reading, writing and thinking, I like to hear the Voices of Pars.
You know who I'm talking about ....

Responsabilities of a succesfull Transitional Government in Iran
Protest at the IRI embassy, The Hague, August 5th
United4Iran, Amsterdam, July 25th 2009
Iranian protest, The Hague ICC, July 9th
Iranian protest, Brussels, 4th of July
London Speech by Prince Reza Pahlavi
Human rights for Iranian citizens now !!
October 29, Cyrus the Great Day
In Iran, even art is being put behind bars
Iran students protest against Ahmadinejad
Iran: arrests of demonstrators continue
Rafsanjani off the hook ... for now
Student activists: Death to despotism, Death to dictator
In Iran, stoning of women continues
SMCCDI urgent action call
IRI murders Akbar Mohammadi
Terror tactics against union
Pahlavi critical of the West's offer to Iran
Prison as a mirror of society
Hostage takers against hostage taking
Nuke plants in a quake zone
United by their natural rights and their humanity
Knowledge in the hands of the evil-natured man
To whom it may concern
Adonis speaks ...
Where are the billions?
A letter from Iranian students
Opposition or opposition to the opposition?
Partir, c'est mourir un peu
Follow the money
The policy of doing nothing
Vani is equal to a murder
Under Islamic Law there is murder ...
12 Reasons against nuclear energy for Iran
The Times on 'One man, one vote'
An interview with Oriana Fallaci
Prince Reza Pahlavi speaks on CNN
Elections in Iran
Fascism in Islamic countries
Football is ...
Action in Europe
The Iran of Tomorrow Movement
60 or 70 million
A man and a bear

Conference of the Birds

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