IRANIAN PRESIDENT AUCTIONS PEUGEOT

IRANIAN President Mahmoud Ahmadinajad is auctioning his 1977 Peugeot 504 to raise money for charity.

The often controversial leader is inviting bids through Iran’s Central Bank, with the money raised intended to be used to build homes for the poor and disabled of Iran.

Interested parties can register through a website in order to place offers. Reports indicate that the largest offer made so far was in excess of one million US dollars from an unconfirmed source.

Bidding will remain open until the end of January.

By By Press Association