1947 GMT: Currency Watch. The head of the Central Bank, Mahmoud Bahmani, has admitted that the effort to establish a single currency rate --- sought earlier this year after the Iranian Rial fell 50% in value --- has failed. He said there was "no possibility" to consolidate the rate against the US dollar. "Floating" (open-market) rates would continue, although there would be subsidised rates for importers and students.
1940 GMT: Supreme Leader Watch. Ayatollah Khamenei has declared today that those who get huge loans are equal to "traitors and looters of national income" and should be confronted. He continued, "The right way to promote national production is confronting disturbers and looters of national wealth."
An Iranian correspondent for EA ponders, "So when will the Supreme Leader confront those who have taken national wealth, say, his son Mojtaba, some senior clerics, and the Revolutionary Guards?"
The correspondent continues, "This is a clear order to the judiciary to sentence main agents of [the $2.6 billion] bank fraud --- with usual exceptions of course."