* Iran denies the resignation of a common central bank governor

Denied, a senior official in Iran’s central bank on Saturday, what he called “rumors” about the resignation of the Governor of the Bank, a week after the currency’s value fell to a record low amid rising inflation and fears of a tightening of economic sanctions.Quoted by the ISNA news agency Deputy Central Bank Governor Ibrahim Darwish said “Mahmoud Bahmani will remain firmly in the office,” he said, adding that “the publication of this false news.”

Did not specify where the agency published the rumor.

It is said that there is a dispute between the Bahmani and President Mahmoud Ahmadinejad on appropriate policies to control inflation, Bahmani and the inability to confront the political resistance to increase interest rates on bank deposits that have been reduced to below the level of inflation in April.

Iran is facing difficulty in maintaining the value of the riyal, which has been under pressure since the reduction in interest rates, in light of Iqbal Iranians to withdraw their savings to buy foreign currency.

U.S. President Barack Obama signed on Saturday (December 31, 2011) a law toughening penalties for financial sector, Iran to pressure Tehran to abandon its nuclear program, the law provides for the freezing of assets of financial institutions that deal with Iran’s central in the oil sector, which reduced the New Real and plunged to a $ 18 thousand rials against the dollar on Tuesday (January 3 this month), down from about 13 thousand and 500 in December. The central bank has injected more dollars in the market on Wednesday (January 4th of this month) in order to curb the dollar and returned to 14 thousand riyals, but soon returned on Saturday from 16 thousand riyals in the open market.

The Minister of Industry, Trade and Mines Mehdi Ghazanfari Tuesday (January 3 this month) that the central bank “will pump dollars” as interpreted by World Bank President Mahmoud Bahmani decline in the value of the riyal as a result of “psychological effect”, rejecting the existence of any relationship to the new U.S. sanctions.

Believes oil exports 80% of the foreign currencies to Iran, the second largest oil producer in the Organization of Petroleum Exporting Countries (OPEC), roughly $ 100 billion for the year the Iranian current (from March 2010 to March 2011), note that the calculation of the budget of Iran is based on the dollar to 10,500 rials .

And Iran is betting on Russia and China, which them again in recent days their opposition to Western sanctions, as well as other Asian countries to address the sanctions the U.S. and Europe, which succeeded in reducing its dependence on European markets, which now constitute less than 18% of its oil exports, while China has become to the first trade partner with a bilateral exchange amounted to $ 30 billion for 400 million 15 years ago.

The international community accuses Tehran of using its civilian nuclear program declared to conceal a plan to develop nuclear weapons pose a serious threat to the security of the region, while the United Nations continues to impose sanctions on Tehran over this file and for not allowing international inspectors to visit centers of reactors to determine their nature, and as Iran has repeatedly denied seeking to possession of nuclear weapons, stressing that the aim of its nuclear program is strictly civilian, approved the production of over 4,500 kilograms of enriched uranium since 2007, an amount sufficient to produce four nuclear weapons, according to estimates by experts.

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