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TEHRAN - President Mahmoud Ahmadinejad's government, already faced with growing opposition from competing political forces within Iran, is confronting new pressure brought on by severe economic problems, including some triggered by international sanctions.
It's not clear whether the Iranian government was caught by surprise by the impact of the U.A.E. measures or deliberately hesitated. But it waited a full week before starting to sell its petrodollars, trading them at a considerably higher rate than it would have received a week before and making a profit on the sales.
Originally posted by Mdv2
reply to post by PETROLCOIN
Iran is only a puzzle piece to the big picture, which most people don't seem to get.