“Abbas Akhoundi, the Iranian regime’s minister of road and construction said: “The mortgage bank has gone completely bankrupt.””
http://www.mojahedin.org/newsen/26052
From June: “Iran’s financial institutions are on the “verge of bankruptcy” and the country could lose “control over the banking system,” the country’ s Supreme National Security Council has warned in a memo obtained and distributed by an Iranian opposition movement on Wednesday…
The memo, whose authenticity could not be verified by Al Arabiya, said the collapse of the banking system will lead to a “steep rise in unemployment and inflation.”…
“Lack of access to foreign currency held abroad, will inflict serious blows to import capabilities and the widening sanctions in the current year will exacerbate existing pressures on the local economy,” the council added…
The council also issued “operational measures to combat the country’s economic crisis.”
These measures include the deployment of security forces around banks, money-changing agencies, and ATM’s and the “drafting of an emergency plan to combat any potential storming of the banks by the public.””
From Nov. 19th: “Iran’s state-owned National Iranian Gas Co. has declared bankruptcy with more than 100 trillion rials ($4 billion) in debt, Mehr news agency reported, citing Chief Executive Officer Hamidreza Araghi.”
http://www.bloomberg.com/news/2013-11-18/iran-s-gas-co-declares-bankruptcy-state-agency-says.html
From Sept. 3rd, “70% of Iran’s Municipalities Bankrupt”
http://iranpulse.al-monitor.com/index.php/2013/09/2756/70-of-irans-municipalities-bankrupt/
The_Original_Mind
www.investmentwatchblog.com / link to original article
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