The Latest from Iran (29 April): The Ayatollahs and the Revolutionary Guards

See also Iran Feature: Tehran Sees US Nuke Proposal as "Good Start"?
The Latest from Iran (28 April): Nuclear Step Forward, Nuclear Step Back

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1947 GMT: Currency Watch. The head of the Central Bank, Mahmoud Bahmani, has admitted that the effort to establish a single currency rate --- sought earlier this year after the Iranian Rial fell 50% in value --- has failed. He said there was "no possibility" to consolidate the rate against the US dollar. "Floating" (open-market) rates would continue, although there would be subsidised rates for importers and students.

1940 GMT: Supreme Leader Watch. Ayatollah Khamenei has declared today that those who get huge loans are equal to "traitors and looters of national income" and should be confronted. He continued, "The right way to promote national production is confronting disturbers and looters of national wealth."

An Iranian correspondent for EA ponders, "So when will the Supreme Leader confront those who have taken national wealth, say, his son Mojtaba, some senior clerics, and the Revolutionary Guards?"

The correspondent continues, "This is a clear order to the judiciary to sentence main agents of [the $2.6 billion] bank fraud --- with usual exceptions of course."

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The Latest from Iran (30 December): We're Tough, All is Well, We're Tough, Repeat

See also Iran Feature: The Bluster That Hides Human Rights
The Latest from Iran (29 December): Ahmadinejad on the Campaign Trail

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A Hovercraft in This Week's Naval Exercises2055 GMT: Sedition Watch. Mohammad Reza Khatami, a prominent reformist and the brother of the former President, has issued a public statement challenging the "false, baseless, and repetitive claims" in the report sent to Parliament, claiming a foreign-backed plot at "velvet revolution" after the 2009 Presidential election.

2045 GMT: Sanctions Watch. Lawyers for Iran’s Central Bank are preparing to file a motion in a New York federal court to release nearly $2 billion of frozen funds at Citigroup Inc.’s Citibank unit.

The assets were frozen in 2008 after a group of 1,000 victims of international terrorism sought the money as partial payment for a $2.7 billion judgement made against Tehran for its alleged role in the 1983 bombing of a Marine Corps barracks in Beirut that killed 241 people.

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Iran Analysis: Ahmadinejad, Larijani, and the Supreme Leader Wrestle in an Oil Slick (Tait)

For years he has treated it with imperious disdain. But now, with his political capital hemorrhaging, President Mahmud Ahmadinejad is being subjected to a relentless assault by Iran's parliament with the apparent approval of the country's most powerful cleric, Ayatollah Ali Khamenei, the supreme leader.

The attacks come in the wake of a bruising public power struggle between the two men and appear to be part of a concerted move by Khamenei to weaken a president he once treated as a protege.

The latest in a series of anti-Ahmadinejad ambushes came on May 25 when the parliament voted to investigate allegations that the president misused state funds as effective bribes by giving $80 each to 9 million voters before the 2009 presidential election.

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