Saturday, September 25, 2010
Since August of 2008 Iran has denied IAEA inspectors entrance into Iran. The UN, three months ago approved the 4th round of sanctions against Iran's nuclear program. The sanctions target funds and trade done by the Islamic Revolutionary Guard, who controls the nuclear program. After the sanctions were passed Ahmadinejad commented that sanctions are nothing but "annoying flies." But it seems that Iran has not waivered to the harshest sanctions enacted. I read a wall street journal article that discusses how about 8.44 billion dollars was sent to Iran from U.A.E. banks as remittance. It’s no surprise that Iran hasn’t felt any kind of economic stress, with so much money coming in through remittance.