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  1. Wealth
June 29, 2009

Millions of dollars flow out of Iran after election trouble

By Spear's

Millions of dollars in private wealth has started to flow out of Iran after mass demonstrations which followed the disputed re-election of President Mahmoud Ahmadinejad.

Millions of dollars in private wealth has started to flow out of Iran after mass demonstrations which followed the disputed re-election of President Mahmoud Ahmadinejad.

Western intelligence agencies have reported that leading private businesses and wealthy families have moved tens of millions of dollars out of Iranian banks into overseas accounts.

The possibility of a new bout of economic and financial sanctions on Iran by Western powers are believed to have sparked the exit of capital as well as the threat of escalating civil strife.

For further details, visit thewealthnet
 

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