Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Iran, Venezuela launch joint development bank
#3
Quote:And what infantile behavior by the US Treasury* in banning its citizens from any dealings with the Iranian Export Development Bank.

It is a real pain too. Having had dealings in sending money to Cuba I can see how they will work this one. David may be able to explain it more clearly. Somehow, sending money, Australian dollars changed into Euros, from Australia to Cuba from an Australian bank, Westpac, it got confiscated by the US State Department or Treasury I can't recall now. You would think it would go direct to Cuba or where ever you want to send the money but it seems it works a bit like the internet in that your money can travel around the world a bit before it reaches its destination. Somehow, it passed through some sort of US jurisdiction somewhere, not necessarily the continental US, maybe a US bank system outside, so they felt entitled to keep the money. Wespac eventually got it back for us after many months but they don't send money to Cuba anymore as a result. So even though Australia doesn't have sanctions/embargo against Cuba and the US does in effect we do because the US makes it impossible. I imagine it will be the same or similar for this bank and people wanting to deal with it.

I agree with you Mark that Chavez is a great hope to many (and great fear to a few) He and other Latin American leaders are establishing the ALBA bank. It is meant to be a development bank, an alternative the IMF and World Bank, as they don't insist on 'structural adjustments' and there will be no compound interest payments just payments and some fees or a percentage of loan.
"The philosophers have only interpreted the world, in various ways. The point, however, is to change it." Karl Marx

"He would, wouldn't he?" Mandy Rice-Davies. When asked in court whether she knew that Lord Astor had denied having sex with her.

“I think it would be a good idea” Ghandi, when asked about Western Civilisation.
Reply


Messages In This Thread
Iran, Venezuela launch joint development bank - by Mark Stapleton - 06-04-2009, 04:14 PM
Iran, Venezuela launch joint development bank - by Magda Hassan - 07-04-2009, 02:47 PM

Possibly Related Threads…
Thread Author Replies Views Last Post
  Fraud Police move into Anglo Irish Bank David Guyatt 7 4,651 21-11-2013, 09:18 AM
Last Post: Magda Hassan
  Sarkozy Calls for Tax on Financial Transactions to Fund Global Development Ed Jewett 2 2,534 01-08-2012, 01:08 PM
Last Post: Magda Hassan
  Top 50 bank holding companies (BHCs) as of 09/30/2011 Magda Hassan 0 4,291 17-10-2011, 12:42 AM
Last Post: Magda Hassan
  Bank of America website remains down Ed Jewett 5 3,056 07-10-2011, 09:58 PM
Last Post: Ed Jewett
  How Atty. Gen'l Eric Holder Colluded With Bank Of America To Destroy Wikileaks & Silence Journos Ed Jewett 0 1,741 29-09-2011, 07:11 AM
Last Post: Ed Jewett
  Venezuela Asserts Control of Gold Mining Industry Carsten Wiethoff 1 1,991 20-09-2011, 10:20 AM
Last Post: Magda Hassan
  How to get $12 billion of gold to Venezuela Magda Hassan 0 1,690 25-08-2011, 03:40 PM
Last Post: Magda Hassan
  The World's Biggest Central Bank Has Private Shareholders Ed Jewett 0 1,818 30-07-2011, 04:01 AM
Last Post: Ed Jewett
  Bank of America document leaks Magda Hassan 1 2,765 14-03-2011, 06:53 AM
Last Post: Magda Hassan
  FBI sweeps into cricket boss Sir Allen Stanford’s bank David Guyatt 10 6,442 06-08-2010, 05:53 PM
Last Post: Jan Klimkowski

Forum Jump:


Users browsing this thread: 1 Guest(s)