Looks like they are feeling froggy.


Iran Moving Its Foreign Currency Reserves
Jan 20 9:03 AM US/Eastern
Email this story

By ALI AKBAR DAREINI
Associated Press Writer


TEHRAN, Iran


Iran is moving its foreign currency reserves out of European banks as a pre-emptive measure against any possible U.N. sanctions over its nuclear program, the Central Bank Governor said Friday.

Ebrahim Sheibani told reporters that Iran has started transferring the foreign currency reserves from European banks to an undisclosed location, the semiofficial Iranian Students News Agency reported.

"We transfer the foreign exchange reserves to wherever we deem fit," Sheibani was quoted by ISNA as saying. "We have begun transferring. We are doing that."