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Memo says IRGC will take over Iran’s banks

June 17, 2013

Iranian dissident Amir Hossein Jahanchahi has released documents outlining economic plans approved by Iran’s national security council for an imminent transfer of management of the Central Bank of Iran to the Islamic Revolutionary Guard Corps.  The authenticity of the documents has yet to be publicly verified.

One memo, translated from Farsi, instructs “The CBI and IRGC to prepare an urgent plan for an orderly transfer of responsibility for running the entire banking system to the IRGC.”

Another document entitled “Operational Measures to Combat the Country’s Economic Crisis” calls for the “drafting of an emergency plan for transferring the country’s banking system to the IRGC.”

The website Vocativ has described mounting problems with Iran’s banking system and these leaked documents and makes some helpful observations, but erroneously describes the proposed transfer of power from the CBI to the IRGC as a contingency plan in the event of civil unrest.  The memoranda, if true, actually instruct the CBI and IRGC to plan for the transfer as a necessary step in the implementation of drastic new measures that Iran will adopt to save its crumbling economy.  Time will tell if the documents are forgeries or real.

Thanks to El Grillo for sending this in.

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2 comments

  1. Reblogged this on The Firewall.


  2. […] Not content with controlling the businesses themselves, the IRGC is now poised to take over the management of the Central Bank of Iran: “The CBI and IRGC (are) to prepare an urgent plan for an orderly transfer of responsibility for runni….” […]



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