Economy 10:05 02/10/2013

RBC Daily: 677 million Iranian petrodollars mysteriously disappear in Azerbaijan

Last week, the Russian media reported that at Sheremetevo airport of Moscow a plane containing 20 billion euros is standing for already six years. Today the RBC Daily agency published an investigation, which among other things speaks of loss of 500 million euros in Azerbaijan.

According to the agency, the man who in recent years is "in charge" of the cargo kept in the Moscow airport, said that the story began when the United States and Iran were still friends, and the Americans were buying oil from the Iranians. At the beginning of 90s Americans being tired of carrying dollars to Iran offered to send them two U.S. Federal Reserve System officers along with a printing machine, for the Iranians to print for themselves as much dollars as oil is delivered.

"This scheme worked until the nuclear program of Iran started to bother the United States. The Americans immediately canceled all the contracts and took the machine back. The Americans did not recognize the already printed dollars and stated that it was just a paper. Then the Iranians began to think, what to do with these dollars which amounted to six trillion," the article states.

Thus, after long consultation an alliance was formed: Russia, Germany and Italy. These countries promised to help the Iranians to give currency to these trillions for the benefit of all. In the end, all the dollars from Iran were transported to Germany, fetched to Frankfurt and converted into euros.

"Iranians had a serious loss wile converting: as a result remained only $ 3 trillion and not 6. The money was in the form of 500-euro bonds. However, later the German authorities demanded to take the euros away from Germany. "Brinks", the only certified cash carrier of the European Central Bank, delivered the money to 27 countries, including the CIS (Ukraine, Kazakhstan, Azerbaijan). The billions are stored on the boards of the planes, in warehouses, on steamers and in the depositories of local banks," the RBC says.

However, as stated in the investigation, there were cases when the money simply disappeared. "Load of 500 million euros was dissolved in Azerbaijan, and no one can understand how," says the agency.

"Curator" informed that the list of these bonds are numbered, they cannot be safely put into circulation. "In case of a skewed, the whole U.S. debt system, the entire system of European banks' balance sheets will collapse. A lot of things if not everything will crash down," he said. According to the "curator", all this becomes even dangerous, and many people may die of this "gold rush."



Source Panorama.am
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