Ifirst took a course indevelopmenteconomics in 1973, ayearofeconomicturmoilwith the Araboilembargo and shortly after the downfall of the Bretton Woods exchange rate system.
That happened, the people said, after Bloomberg tested its computer system at an embargo procedure known as a "lockup" and found a flaw that could allow reporters to deliver data before the end of the embargo period.
That underscores the likelihood that with dwindling access to the global financial system, and an EU oil embargo looming, Iran will turn oil into its currency.