The Iranian currency Rial today reached a record low against the US dollar, trading in Tehran’s exchange markets at nearly 13,000 rials per dollar. The new value represents a 30 percent decline against the dollar in less than a year. The Central Bank of Iran has set the new official rate at 10,810 rials against dollar, but the move has not been successful in stopping the decline in rial’s value in exchange markets.
Monday, September 26, 2011
Iran’s Currency Falling
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7 comments:
This is what happens when economy is being managed by donkeys after all didn't Khomeini say economy is for donkeys so now his donkeys are fulfilling his wishes.
Before this anti-Iranian and Anti-Human coup of 1979 instigated by the Lib-Lab British and Jimmy the Peanut Farmer Carter with the cooperation of British Petroleum and Western oil companies the mighty Iranian Rial was worth seventy five Rials a Dollar.
That's right 75 Rials or Haft Tomano Pange Zar.
And the pound was 125 Rials or Davazdah Tomano Pange Zar.
You didn't need a Visa to travel to USA or Japan and EU countries and Iran was looked up too as an up and coming modern nation with a very bright future.Example South Korea named their main avenue Tehran Avenue in Soul their main business district.
But greedy oil companies and lib-lab elements in Britain and America with the cooperation of their British servants the stupid greedy mullahs and their brainless halfwit followers to destroy Iran and take it back to the Qajari period where the hidden imam decides and takes the blame for all the incompetence that is bestowed on Iran.
To those sad regime apologists out there who claim the USA is a bankrupt economy and is going to collapse ! This is what happens when a country namely Iran is taken over by the Sabzi Furoosh Class of people who have no idea in how to run a country except selling turnips and onions and listening to their fascist mullahs paranoid tantrums.
But I guess the nitwits will learn the hard way if learn at all that the reality in Iran is different to what they hear by living in the West and enjoying the free liberal life style while our country men are suffering under the yoke of Islamic fascism.
Ok the rial might be falling against the dollar, but the prime story here is not about the Iranian rial, its about the demise of the dollar. The dollar has been losing value slowly for years and it is still losing value!we all know holding alot of dollars from here onwards isn't very wise because the dollars purchasing strength has been sapped, and part of that story is reflected in gold prices. As for the iranian rial, its probaly more about unfair US sanctions,but guess what? the tides always change and the US is in more long terms financial trouble than Iran.
Kemjika
Don't even go there !
The Iranian Rial is worthless not worth the ink it's printed on.The Dollar will remain as a means of exchange as you know the Euro is in trouble and may be scrapped.
So what you suggest Chinese currency?
The Iranian economy is in deep trouble with below 40% efficiency in private sector and 25% efficiency in public sector so America is in the golden age compared to Iran.
Dollar goes up as well as down.Back in early 1970s Dollar was nearly $4.00 to £1.00
If you have so much faith in Iranian Rial go and exchange your Dollars for Rials and see where that will get you !!
Kemjika....in the value of the dollar keeps declining, in about a thousand years the US economy will be reduced to the size of the present-day iranian economy.
Of course, in about a thousand years, there won't be enough ink to print enough rials for a day's worth of bread unless Iran changes.
je suis d'accord avec vous tous que l’Iran est dirigé par des personnes ne qualifier pour plain de demains et que Iran d'avant 1979 était un payer en Evolution avec monde
Mais qui a voulu que tout ça s’arrête qui n'a pas voulu que l’Iran grandisse
qui a lâchement traire leurs état ami comme une dictateur
qui a eu peur de l'avenir graniteuse d’Iran avec un dirigeant qui savait ou naviguer son barque
et aujourd'hui les même gens sont opposer de ses incapable actuelle
SI NOUS VOULONS UNE IRAN FORTE DE DEMAINS IL NE FAUT PAS MÊME ERREUR DE 79 IL FAUT UNE RÉVOLUTION MAKHMALI ,,IL FAUT RÉVEILLER LES GENS ET N'A PAS DONNE UNE AUTRE OCCASION A DES MÊME ADEMIS DE 79 QUI VEUT QUE NOS RICHESSE
Every currency is no exemption when it comes to financial crisis. It will be affected one way or another.
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