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Iran: 907 tons of gold; why don't they just say fuck it, and back the Rial with gold/oil?
Ms Sans Serif
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[quote:Anonymous Coward 24821273:MV8yMDA4MDExXzMzNzM5MzQzXzJFNUU0QzE3] This happened just before the currency crisis. Report: Iran transfers $10 billion to Syria http://www.ynetnews.com/articles/0,7340,L-4287276,00.html And the Iranian leader was in NYC just days before. Why dont they take measures to prevent the crisis? Because they are world players. The game is to move Islam into the west by causing regional destabilization. [/quote]
Iran "officially" (read: they'd be insane to declare everything they have!!) has 907 tonnes of gold.
link to www.presstv.ir
That's 3x more than the UK (Cheers, Gordon Brown).
It's value is, at todays gold price of $1780/ Oz:
1780*32.1 Oz/kilo = $57,000 per kilo
1000 kilos in a tonne.
$57,000,000 per tonne.
57m * 907 = $51.7 bn
Gross external debt in 2010 was $14.34 billion
link to en.wikipedia.org
So, why not back the currency with oil or gold?
Inflation problem solved.
Currency collapse problem solved.
First 'hard' currency in new world.
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