The Iranian currency rial
is surging against the dollar since the victory of Hassan Rouhani in last week’s
presidential election. On Sunday, the rial was traded at the country’s open
markets at 28,000 to a dollar. This is a 30% rise in value against dollar since January 2013 when the currency rate hit 40,000 rials a dollar. Strengthening
the value of rial was high on the list of Rouhani’s campaign priorities.
12 comments:
Yeah sure it's rising.Still a long way from 70 rials to the dollar thou.
What about the businesses that bought stock at the much higher level? What sort of prices they can sell their goods for? This yoy yoy pricing is not the way to go because it causes instability in the markets.
still staying on old good shah time ?
How much was at that time US trade uand Budget deficit ?
finance industry anbd so called market
is always something irrational and high vulnerable to manipulation.
that is in iran and everywhere in the world the same.
Anon 5:34
Remember that old saying back in 1979? "economy is for donkeys"
See what happens when you hand over the economy to donkeys.
No offence to those hard working four legged little donkeys now.
Keep up your diatribes.
The FACT remains that Iran's trade is also increasing as well as oil exports despite what these fossil simpletons harking back to the 1970's. Iran's trade weight index is much stronger now and the economy is well diversified despite the pathetic US/Zionist impotent sanctions. It is well advised to read the special Economist edition on PERSIAN POWER and even the Economist which is the voice of global Zionism accepts the fact that Iran is now too powerful and stable to be messed with and can not be "sanctioned" in the new Asia centric world. Iran will keep on thriving. Here is a quote from the Economist whose whole edition and cover is devoted to PERSIAN POWER.
Yet the Persian lion has not lost its claws, nor has the theocracy suddenly become a democracy. Mr Rohani was indeed the most reformist of the candidates on offer at the election, but in much the way that Churchill was more of a teetotaller than George Brown. The 64-year-old cleric has been a loyal servant of the Islamic Republic from its inception. For years he headed the national security council.
The other development that threatens the West’s interests is happening around Iran. Despite its economic troubles, the Iranian state is a powerful beast compared with its neighbours, and is keen to assert itself abroad. The Iraqi government is now its ally. It has sway over chunks of Lebanon through Hizbullah, the Shia party-cum-militia it finances. And it has sent Hizbullah into Syria, where its fighters have joined Iranian advisers, money and special forces to help turn the tide of the war in Bashar Assad’s favour. Ostensibly the reason why Barack Obama agreed last week to arm the rebels in Syria (see article) was Mr Assad’s use of chemical weapons; but many believe that the greater reason was his reluctance to see Mr Assad hold on to power as a client of Iran’s.
Where is your proof that the Iranian economy is in better condition than it was before 1979?
The Persian lion was taken off the flag of Iran due to your imams ill wishes against Iran.
Rohani has proven he hates Iran because the name Fereydoon which he changed is related to the hero of Iran that defeated Zahak and he went and changed that name.It's like a Jew changing his name to Hitler.But you're right about him being a "loyal servant" of the present day Zahak aka Khamenei.
Rohani is a liar just like the rest of the floozie mullahs.He claimed that he received his "Doctorate" in Scotland yet after investigation it was found out that there was no such person under the name of Rohani or Fereydoon that claimed such a blatant lie.
In fact, the IRI's ranking among countries in GDP per capita is lower than Iran was in 1979.
as I mentioned the y<ou arte staying on level of 1979 , 34 years ago.
The IRI leader were uneducated und inexpreience in year 1979.
today they are moving forward and become expereinced and
educated
but your clock is stopped in 1979
--- " The FACT remains that Iran's trade is also increasing as well as oil exports..."
oil exports INCREASING????????? not even the fanboy would try making such a seriously insane claim.
Anon 5:09
In fact the opposite is true.After 34 tyrannical years the IRI have become fatter lazier and cockier to say the least.
The proof is in their long record of incompetence.
Your clock is stuck in the 7th century.
When it comes to the "Emam's face in the moon" crowd, FACTS (ALLCAPS, a la psycho) are not facts.
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