Users Online Now:
GLP Poker Rooms
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:Saddletramp:MV8yMTIxNjU3XzM1Nzk5MDA1XzU4RDBDNkM=] What they're trying to do is make their currency seem more attractive vs foreign currencies to their own people by Xing out a few zero's... Lot's of countries have tried this over the years...doesn't affect the value of the currency vs the amount of currency in circulation vs the price of commodities...so it's a shell game when you get right down to it. Iran still has to import almost all of their food and (oddly enough) gasoline...do you think it's going to make any difference on the world market?!?!? Meaning that world market controls the price of the commodities that this country must have...so Xing out a few zero's doesn't mean a thing in or out of Iran... [/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 >>
Double amputee moves prosthetic arms by intuitive thought
Feminism Backlash: Media Programming, Endocrine Disruptors, Will Men Find Their Hearts Again?
The Baltic Dry Index Has Never Crashed This Fast Post-Thanksgiving
Why There's No Ebola Vaccine
What is a New World Order?
How Nonprofit Hospitals Are Seizing Patients’ Wages
Cop: We Need Military Equipment Because of “Constitutionalists”
Forget North Korea: Watch Out for Chinese Censorship of Hollywood
Vermont Governor Abandons Single-Payer Healthcare
How Germany Was Partitioned. Lessons for Ukraine
EPA Declines to Classify Coal Ash as Hazardous Waste
Protesters shut down part of Mall of America in Minnesota
World War III - The Calm Before the Storm
EFF in Court to Argue NSA Data Collection from Internet Backbone Is Unconstitutional
Unacceptable Levels: The Chemicals In Our Bodies; How They Got There and What To Do About It
Satanic Temple Invokes Supreme Court Ruling to Force Display at Florida Capitol Building
US seeks to overthrow Venezuela government: official
Privacy will not exist in 10 years
Correction: Tonight isn't the longest night in Earth's history
Creep of the Week: Convicted Wall Street trader sues customer who turned him in!
Obama condemns Sony's decision to drop film, says US must retaliate and pass cyber bill
Bush v. Clinton In 2016? New World Order Dream Matchup Being Touted As ‘Inevitable’
Court Rules You CAN Be ‘Too Smart’ to Be a Cop
Mainstream Media Ignores Massive Open Carry Protest
Police Pre-Crime Algorithm Uses Social Media Posts Against You in Real-Time
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 0.006s (5 queries)