Iran’s Central Bank
As, Syria begins to look ambivalent, the Israeli pressure to go for Iran builds with the impending U.S. elections, but no for the false flag of nuclear weapons, like Iraq, and Liyba, but becuase the moneyhole has to be plugged, to make sure that one of the last three countries (N. Korea, Cuba) Central Bank, joins the global rest, acting as a siphon from those who have less, to those who have and want more!
The sudden stirup of Shia sentiment in the Middle East is all about media, mind control (propaganda), and raising the blood lust for Iran.
Founded in 1960, Bank Markazi, Iran’s Central Bank is state-run and answerable to the country’s politicians. Iran’s Central Bank is the “banker to the government” by holding national accounts and funding state entities. Iran’s Central Bank functions like most others:
- enforcing monetary policy (printing and releasing the national currency, and maintain and protect its value internationally.
- forming currency policies, which takes place by a process called ‘Open Market Operations’
These two underpins all central banks to create the International Monetary Fund (IMF), which is the center of the world’s central banks, and the means by which the world’s natural resources are monopolized by the few, especially strategic resources, and the means by which developing countries never develop! Iran’s Central Bank’s share of the global free-market fund in the IMF is 1.66%.
- keeps account of all the gold and foreign currency in the country
- monitor commercial activities, import sensitive commodities and open Letters of Credit (LC’s)
- to allocate oil revenue. This used to be done directly by the central bank, but is now an indirect function
Central banks are granted immunity, and do not constitute public-related services as long as they are not involved in commercial activities. Iran’s views its oil revenue as public property, while those who want Iran’c Central Bank, view it as commercial activity.
The term ‘economic sanctions’ sends a moral message when in fact moral it is not as the EU joins the U.S by imposing sanctions on Iran’s Central Bank. It shoudl be noted that the millions that were conviscated from Libya under Ghadafi have not returned!
It should be noted here that Turkey (Rum) has used the term ‘trade war’ against Iran, but what global governance has been doing is a trade war’ and not economic sanctions.
‘Trade wars’ are what all world wars are essentially about, there is no moral ground, especially with Iran which has been coping with U.S. ‘trade wars’ for years.
Pertaining to Iran’s Central Bank, at the time of the AIPAC push to uptempo the war drums, Texas Gov. Rick Perry said:
“When you sanction the Iranian central bank, that will shut down that economy,”
“When you sanction the Iranian central bank, that will shut down that economy”
So there the Iranian people do not in fact matter, a very important point to those Iranians who believe like so many others that by siding with the enemy one will be safe, and even do well in times to come.
The last round of ‘trade wars’ ended with WWII after which a common understanding was reached that ‘trade wars’ weaken the global economy, hence the ambivalence over sanctions against Iran.
Rather than sitting docile, Iran has been proactive about alternatives in the defence of the principles of which it operates in. This proactivity is open to misinterpretation, but one might as well do it anyway as long as it is for the right reasons.
“We have established a headquarters in the central bank, which meets on a daily basis” and whose task is “to manage the sanctions,” said Central Bank chief Mahmoud Bahmani was quoted as saying.
“In times of sanctions, we need to carry out asymmetrical economic warfare, which we have begun … or else we would face difficulties and obstacles,” he said to AFP.
As such the Central Bank of Iran has opened a line of credit worth U.S $10bn to establish domestic oil projects.
Prior to the U.S. trade war announcement that came into force June 28, 2012, the BRICS countries were aiming to increase intra-regional trade from the current U.S$212bn to U.S$500bn by 2015 with Iran.
“Iran Central Bank Starts Sanctions Cell: Report.” http://news.yahoo.com/iran-central-bank-starts-sanctions-cell-report-132721522.html
“Iran’s Central Bank Opens $10 Billion Credit Line for Oil Projects.” http://tehrantimes.com/economy-and-business/99527-irans-central-bank-opens-10-billion-credit-line-for-oil-projects