Users Online Now:
Donate To GLP
Back to Forum
Back to Thread
REPLY TO THREAD
Iranian central bank announced dropting the zero of Rial today.
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Anonymous Coward 33141745:MV8yMTIxNjU3XzM1Nzk1MDI4XzNEQ0FERUI=] We did this in Mexico, three zeros, it was just and administrative change because of the huge inflation. thus we now have a 12.80 parity with the USD but in reality is 12800, it does nothing for the economy this from the bank of mexico's site Google translate: In the last quarter of the twentieth century the purchasing power of the coins was reduced due to inflation. This led to issue coins of high denominations, therefore, that the breach of the denomination of fifty dollars and at one point they reached a thousand mint coins and up to five thousand pesos. In this situation and in order to simplify the management of the amounts in national currency, the June 18, 1992 it was established that after 1993 a new unit would be used Monetary System of the United Mexican States, equivalent to 1000 pesos the previous unit. The new unit was named "New Pesos" and identified with the symbol "N $" or putting the word "New". That is, if a person had 5000 pesos before the change of unity, they amount to 5 New Pesos. To comply with the provision of the decree, the Bank of Mexico issued in 1992, a new series of coins in denominations of ten, five, two, and one dollar and fifty, twenty, ten and five cents. from here http://www.banxico.org.mx/divulgacion/billetes-y-monedas/6--historia-moneda-del-billet.html#Lamonedadespuesdelarevolucion [/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.
Pictures (click to insert)
Big Round Smilies
Aliens and Space
Friendship & Love
Misc Small Smilies
View All Categories
Next Page >>
Canadian says he will give away $37 million lottery jackpot because he doesn’t need the money
Multivitamins have no health benefits and could be harmful, researchers claim
Mainstream media attacks multivitamins in yet another example of quack science
Neighbors Call Cops On Man For Washing Car in His Own Driveway
Recent College Bomb Hoaxes Expose Police State Preparations
Eyewitness to Hitler Warns Americans: “Keep your guns. Keep your guns and buy more guns”
Widespread Contaminants in Drinking Water Across U.S.
Drug Companies and Doctors Boost Profits Pitching Attention Deficit Disorder
MSNBC’s Radical Idea: ‘Every Non-Incarcerated Adult Citizen Gets A monthly Check From The Government’
“These Programs Were Never About Terrorism: They’re About Economic Spying, Social Control, and Diplomatic Manipulation. They’re About Power”
These Are The Ridiculous Ads Big Pharma Used To Convince Everyone They Have ADHD
Lung cancer breathalyzer to be trialed at UK pharmacies
Obama Allows Great Lakes Water To Be Sold To China As Half The U.S. Faces Extreme Water Crisis
Hollywood A List Actors Demon Possession and Spirit Channeling
Noah's Ark 'Was a Massive Double-Decker Coracle'
CIA Leak Gives Incontrovertible Evidence That 9/11 Was State Sponsored
Do diamonds really come from coal?
Parents Threatened for Opting Out of Common Core
ADL: ‘NRA hates Jews’!
Own the Land-Control the Resources-Enslave the Population
Pope Francis to Conservatives: ‘I Have Met Many Marxists in My Life Who Are Good People’
Ongoing 4-Year-Old Lawsuit Hinges on whether “i” is a Letter or a Number
New Armor Lets You Sense Surveillance Cameras
Confidential Obamacare Navigator training manual uploaded online
Spermbots: Remote-controlled sperm, for guaranteed delivery
Disclaimer / Copyright Info
with questions or comments about this site.
"Godlike Productions" & "GLP" are registered trademarks of Zero Point Ltd.
Website Design Copyright © 1999 - 2014 Godlikeproductions.com
Page generated in 0.005s (5 queries)