Tuesday, November 22, 2005

The sum total of the regime’s debts exceeds $40 billion and the decrease of oil prices will leave regime with 8 months worth of monetary reserves

Iran Press News: Translation by Banafsheh Zand-Bonazzi
Based on the most recently published statistics from the Central Bank of the Islamic regime, the sum total of the regime’s debt has exceeded $40 billion. Due to the surge in the last 5 years in world oil prices and the exceptional peak in this past year, the regimes debts and foreign commitments have increased considerably. There are various methods of assessing the regimes foreign commitments and in this case, there is a vast difference between the criteria of the Central Bank and other networks. Experts tabulate this sum total to be higher that what the Central Bank seems to have calculated.

This statistic also states that in the case of the decrease in oil prices in the world markets, the entirety of the regime’s monetary reserves will secure only 8 months worth of the Iran’s imports.