GATA | THE GATA DISPATCHES -October 31, 2012-: Iran requires bank approval for gold exports | will German gold clamor ignite gold's skyrocket? | German gold clamor shows distrust...:
Iran starts requiring central bank approval for gold exports Submitted by cpowell on 07:58AM ET Wednesday, October 31, 2012. Section: Daily Dispatches By Yeganeh Torbati Reuters Wednesday, October 31, 2012 http://uk.reuters.com/article/2012/10/31/uk-iran-gold-idUKBRE89U0T320121... DUBAI -- Iranians can no longer export gold without approval by the central bank, an official was quoted as saying on Wednesday, in a new effort by the government to restrict outflows of wealth. The move follows media reports on Tuesday that Iran had banned the export of some 50 basic goods, as the country moves to secure supplies of essential items in the face of tightening Western sanctions that have destabilised its currency, the rial. "The export of gold and coins without permission from the central bank has been banned," said customs official Mohammad Reza Naderi, according to the Mehr news agency. "According to law, (the export of) coins made from pre