Article

2023-07-17 Syria-Lebanon-Iran

Iran's Greenback Curse or Iran's Dollar Irony

[GatestoneInstitute] As repeatedly put by the "Supreme Guide," that [Iran's revolutionary] strategy has two key aims: driving the United States out of the Middle East, or "West Asia" that Khamenei has borrowed from Russian political lexicon, and wiping Israel off the world map. In pursuit of those aims, Tehran is forced to maintain increasingly costly surrogates in Iraq, Yemen, Lebanon, Syria, Gaza, and, more recently in a number of pro-Russian African states. The problem is that those surrogates don't want the Iranian national money, rial, and insist on getting crisp greenbacks. Thus, Iran needs a constant flow of American dollars, precisely the currency that they claim they want to dethrone as the global money.
official rate today is about 42k Rial to the Dollar; Unofficial street rate is at least 48k Rial to the Dollar

That's a K as thousands? Ouch.

Posted by lord garth 2023-07-17 00:00|| || Front Page|| [18 views ] Top
File under: Govt of Iran

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