| Submit your comments on this article | |
| Syria-Lebanon-Iran | |
| China: $400 billion line of credit to Iran becomes active. | |
| 2019-09-20 | |
[Twitter]
| |
| Posted by:3dc |
| #3 Now, that would be a GREAT drone strike. Where does it land? |
| Posted by: Skidmark 2019-09-20 20:59 |
| #2 Iranian currency is displayed at an exchange shop in Tehran, August 1, 2019. The Islamic Republic President Hassan Rouhani has submitted a bill to Majles (Parliament) proposing the elimination of four zeros from the Iranian national currency rial. Based on the bill, Iran's national currency will be changed from rials to toman, and each toman would be equal to 10,000 rials. On August 6, Governor of the Central Bank of Iran (CBI), Abdolnaser Hemmati, maintained that dropping four zeros from the national currency will have no impact on inflation rate adding that the CBI is ready to implement the plan. |
| Posted by: Chereting Pelosi1889 2019-09-20 09:44 |
| #1 China is propping up Iran. This is supposed to improve Iran's oil infrastructure. Iran is one of the few countries that has sufficient internal oil field and refinery equipment manufacturing shops which means they do not have to worry about embargos on oil sector equipment manufactured outside of Iran. Sanctions on equipment has crippled Venezuela's oil production and refining capabilities but will not harm Iran. Therefore, that oil sector revitalization revenue will go into the Iranian economy. Another note, while most oil producing countries around the world have up to 60 years of oil reserves, Iran is the only one that has 100 years of oil reserves. However, their currency valuation is like Venezuela's, extremely crippled. |
| Posted by: Phaick Uneretle6310 2019-09-20 00:56 |