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Syria-Lebanon-Iran
Iran slashes four zeroes from rial currency over inflation
2019-08-01
And they said unilaterally reimposing sanctions wouldn’t work.
[DW] Iran
...a theocratic Shiite state divided among the Medes, the Persians, and the (Arab) Elamites. Formerly a fairly civilized nation ruled by a Shah, it became a victim of Islamic revolution in 1979. The nation is today noted for spontaneously taking over other countries' embassies, maintaining whorehouses run by clergymen, involvement in international drug trafficking, and financing sock puppet militias to extend the regime's influence. The word Iran is a cognate form of Aryan, the abbreviation IRGC is a cognate form of Stürmabteilung (or SA), the term Supreme Guide is a cognate form of either Shah or Führer or maybe both, and they hate Jews Zionists Jews. Their economy is based on the production of oil and vitriol...
is planning to remove four zeroes from its national currency, the rial, as the country struggles with soaring inflation. The oil-rich nation's economy has been hit hard by unilateral sanctions imposed by the US.

The Iranian rial has plunged from 32,000 to $1 at the time of the 2015 deal to around 120,000 to $1 these days.
Posted by:trailing wife

#5  I guess they don't understand it doesn't work that way.
Posted by: chris   2019-08-01 15:36  

#4  "New Iranian Bolivars"
Posted by: Frank G   2019-08-01 12:10  

#3  The new rate will be 12 "new rials" to $1, but inflation is still 50% a year(or a doubling every ~ 16 months or so). They're screwed.
Posted by: The peanut gallery   2019-08-01 11:49  

#2  The mad mullahs shouldn't be giving our Dims ideas about how to deal with our Federal Deficit.
Posted by: Varmint Splat1454   2019-08-01 04:52  

#1  official rate is about 43k Rial = one dollar

back in 2010 the official rate was about 1000 Rial per dollar

unofficial rate is what is quoted in the article

Posted by: lord garth   2019-08-01 01:13  

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