Iran Emptying Accounts for Cash
By Micah Halpern
Wednesday July 11, 2018
I've Been Thinking:
Iran is emptying accounts in Germany. They are trying to bring back as many dollars and Euros as possible before the US sanctions kick in.
At least 300 million Euros, which is equivalent to $350 million, have been transferred from Germany to Iran over the past few weeks.
On the one hand, Iran is doing everything they can to insulate themselves against US sanctions that kick in August and then in November.
On the other hand, Iran is counting on President Trump to keep on tweeting.
Iran is a nuclear leader. The idea is to try to tamp them down. It's not going so well.
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