US payment of $1.7 billion to Iran made entirely in cash

[vaultdweller0013]

1 hour ago, Krataiboy said:

AYATOLLAH DON'T LIKE DOLLAR

 

My guess is the Iranians refused to be paid in dollars because they believe - along with many others - that the world's reserve currency is  riding for a fall.  We'll get a hint next month when the IMF unveils its new basket of SDR currencies. 

 

A number of the larger economies, as well as Iran,  are cashing in their dollar reserves and buying as much gold as they can afford - another sign that the greenback - which the late Muhammar Ghadaffi and Saddam Hussein were plotting to replace with a gold dinar for oil sales in the region before Shock and Awe arrived - is falling out of favour

 

The foreign currency the Iranians demanded to be paid in was almost certainly the Euro, which (incredibly to Brexiters and lots of others out there who predict a sticky end for the EU) the ayatollahs clearly regard as a more reliable investment than the almighty dollar.  http://www.zerohedge.com/news/2016-02-07/iran-says-no-thanks-dollars-demands-euro-payment-oil-sales

 

Lots of leading financial commentators, as well as former US Congress veteran Ron Paul, are predicting that the next major financial crash (expected anytime soon) will not be a credit crunch but a currency crisis caused by a dramatic devaluation of the dollar. Hence the widespread surge in the popularity of tangible assets like gold and silver over fiat currency.

 

Another reason to hold at least some tangible assets is the gradual but relentless rolling out the globalist dream of a cashless society, which would give  governments and central banks total control of the money supply. 

 

Brexit was a wake-up call we should all heed unless we want to end up as sheeple rather than people.

 

The payment was not made in dollars because US law still prohibited dollar transfers to Iran, even with the lifting of some of the sanctions. So it first had to be converted to another currency. This is same reason it was made in cash; the sanctions prevented the US from establishing a banking relationship with Iran, so it couldn't be sent by wire transfer.

[craigt3365]

15 minutes ago, vaultdweller0013 said:

 

The payment was not made in dollars because US law still prohibited dollar transfers to Iran, even with the lifting of some of the sanctions. So it first had to be converted to another currency. This is same reason it was made in cash; the sanctions prevented the US from establishing a banking relationship with Iran, so it couldn't be sent by wire transfer.

Great way to refute conspiracy theories!

[Andaman Al]

15 hours ago, Krataiboy said:

 

Your rosy picture of Iran in the "good old days" is at odds with reality. The Shah - yet another puppet dictator inflicted on his people by the Anglo-US alliance - and his dreaded secret police made life a misery for the people. Thousands were killed and incarcerated and while life for a privileged few was enjoyable, for the masses it was so bad that they rose up in a massive protest to depose his bloody regime. Had Mossadeq not been removed (with CIA assistance) to make way for the Shah, the fundamentalist elements which propelled the ayatollahs into power would never have won popular support and the Iran of today would have been closer to that which you imagine existed when it was a dictatorship. 

 

Sorry is my time line wrong? I was talking about democracy in Iran BEFORE the CIA put the Shah on the throne. The Shah was a complete bastard, of that there is no doubt and is the reason why the revolution occurred.  Prior to the Shah, Iran was a 'rosy picture' and the first true democracy in the Middle East.

[derator01]

No more inappropriate references to world leaders, please.