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Iranian central bank announced dropting the zero of Rial today.
Ms Sans Serif
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[quote:Anonymous Coward 33157497:MV8yMTIxNjU3XzM1Nzk0OTkyX0I3OTBDMUQ0] Ehhhh... I know you americans are tarded and all. But if you have a problem with ur money the thing would go in the opposite direction. 1 = 10 = 100 = 1000 etc. Not 1000 = 100. That menas they are makeing less money on the market and that gives the currancy strength. Germany pre ww2 printed more and more money so they deutche mark became worthless. They did it because they had to pay france a whole LOT of it. So todays class i will end with this. Less money = higher value. More money = less value. Did you get that?? [/quote]
Iranian satellite news channel announced the central bank has finished the preparation of dropping 4 zeros from Iranian currency strengthening to world level.
For example right now from all sanctions and etc.. 1 US dollar is over 12000 rial and 40000 rial on blackmarket. but if the 4 zeros drop then 1 US dollar will be 1.2 rial and 4 rial respectively.
It will greatly strengthen Iranian economy and release the hardship of high costs of goods for Iranians.
Now the fun part will be the super rich Iranians will not longer be super rich and the gap between upper class and lower class will become smaller.
Also Ahmadinejad announced that because of higher inflation a determined amount of money or funds will be given to Iranian family. The government will return more money to people soon.
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