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Tuesday, January 10, 2012

Iran Rial currency CRASHING

More of our INTEL

Iran rial crashing: down 20% in past week,
Iran's central bank tries to prop up rial
with $200 million purchases w/US $.

Iran sets artificial exchange rate 50%
above real market value, Iranians have lost
50% of purchasing power.


Cost more and more rials to purchase US $.

And stand to lose much more.
Converting to other currency's is a
way to preserve purchasing power.

Many exchanges refuse to sell US $
for rials at false Gov. exchange rate.

Iran tries to stall market crash by
blocking texts with "dollar" in message.

Iran already running 20% rate of inflation
which greatly adds to currency crash  risks.

Iran blocking texts suggest situation is much
worse than Iran regime admits.


Gerald
Former Stock Broker
series 3 & 7

ScreenHunter_02+May.+07+16.41.gif (487×322)


Gerald floor of NYSE (center)

.UPDATE:
Chile Gov dumping Iranian rials, G source BSU's


Disclosure: We have no currency positions.

Top hedge funds take positions against Rial, source BSU's

#Iran jamming Al Jazeera broadcasts: document dlvr.it/14X7dJ #ccureit Trying to block news abt Iranian currency crashing, G

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