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As foreseen by the Joint Plan of Action, the thresholds for authorising financial transfers to and from Iran have been increased tenfold in order to ease legitimate trade with Iran.
The suspension will last for a period of six months during which relevant contracts will have to be executed.
Mostly these come as comments on one post or another and sometimes by private email.
Since most of these questions are likely on the minds of others, I prefer to respond on the blog and I ask emailers to post their questions here. This is how I hope it will work: The investment ideas of others: Occasionally in the comments I am asked to read some book, article and/or blog and dispute the ideas in them.
Each year going forward, move 4% from investments to my Current Savings account, unless investments have had a net losing year.
January 22, 2014 - EU suspends certain sanctions as Joint Plan of Action enters into force As part of the implementation of the Joint Plan of Action agreed by Iran and the E3/EU 3, which enters into force today, the Council today suspended certain EU restrictive measures against Iran for a period of six months.I’ll have two accounts, an IRA and a Cash investments account.Until I reach 70 1/2, make withdrawals from the Cash investments account to avoid taxes.The companies - Yas Air and SAD Import Export Company - were responsible for shipping ammunition, assault rifles, machine guns, mortar shells and other arms from Iran to Syria.Source: El Ahram News Item June 10, 2010 - Security Council Imposes Additional Sanctions on Iran, Voting 12 in Favour to 2 Against, with 1 Abstention Brazil, Turkey, Lebanon Say Tehran Declaration Could Boost Diplomatic Efforts, While Sanctions Represent Failure of Diplomacy UNSCR 1929 (2010) UN Press Release concerning 1929(2010) & UNSCR 1929(2010) On 23 December 2006, the United Nations Security Council adopted Resolution 1737 (2006) (UNSCR 1737 (2006) deciding that Iran should without further delay suspend all enrichment-related and reprocessing activities, as well as work on all heavy water-related projects, and take certain steps required by the International Atomic Energy Agency (IAEA) Board of Governors, which the United Nations Security Council deems essential to build confidence in the exclusively peaceful purpose of Iran\’s nuclear programme.
If Current Savings is down a year or two or three, replenish in even year increments depending on the current year investment gains: Gains 0.00 to 7.99 percent – no replenishment.