The Latest from Iran (25 August): Does Tehran Face an Oil Crisis?
Thursday, August 25, 2011 at 19:40
2010 GMT: Currency Watch. The Iranian toman has now dropped on the free market to 1200 v. the US dollar, a significant gap from the Central Bank rate of 1068:1.
The toman is nearest the low point it reached last autumn, when Iranian authorities intervened with the release of US dollars from foreign reserves.
2000 GMT: Unity Watch. Ayatollah Mahdavi Kani, head of the Expediency Council and one of the driving forces for conservative/principlist unity, has said, "We accept no conditions of the [Islamic] Constancy Front", which has reportedly said it will not join talks if representatives of Speaker of Parliament Ali Larijani and Tehran Mayor Mohammad-Baqer Qalibaf are involved.
Meanwhile, it is reported that representatives of a leading MP, Rouhollah Hosseinian, did not attend the meeting of the 7+8 unity meeting.