Article

2008-09-01 Syria-Lebanon-Iran

ZimBobNomics: Iran considers lopping zeros off currency

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by Frank G 2008-09-01 15:17|| || Front Page|| [11129 views ] Top

#1 It's that damn FIAT money thing again, bring back the Lira!

Posted by .5MT 2008-09-01 15:51|| www.cybernations.net]">[www.cybernations.net] 2008-09-01 15:51|| Front Page Top

#2 And it's not like the $ had been any tower of strength.

Posted by Nimble Spemble 2008-09-01 15:52|| 2008-09-01 15:52|| Front Page Top

#3 Unlike Bob, Ahmadinejad has money coming in (from oil revenues). However, he's managed to wreck the economy by handing out money to various provinces to buy them off, by keeping bank loan interest rates low (to placate the IRGC, who are now the majority owners of Iranian businesses), and manipulating the money supply to keep it all from crashing down.

Then there's Iran's nuclear ambitions. Fulfilling them requires cash - suppliers aren't going to go for 'net 30' terms.

Posted by Pappy 2008-09-01 15:57|| 2008-09-01 15:57|| Front Page Top

#4 The only way out of this is to raise the demand for their currency, since, as Pappy notes, their not at all likely to lower supply.

Posted by Mike N. 2008-09-01 18:09|| 2008-09-01 18:09|| Front Page Top

#5 They're. Not their or there or thare, bonehead.

Posted by Mike N. 2008-09-01 18:10|| 2008-09-01 18:10|| Front Page Top

#6 Don't worry, #5 Mike - we'll protect you from the typo police. :-D

Posted by Barbara Skolaut">Barbara Skolaut 2008-09-01 18:37|| http://ariellestjohndesigns.com/]">[http://ariellestjohndesigns.com/] 2008-09-01 18:37|| Front Page Top

#7 screw him

/pedantic grammar and spelling police

Posted by Frank G">Frank G 2008-09-01 18:38|| 2008-09-01 18:38|| Front Page Top

#8
It's that damn FIAT money thing again

Forget about Fiat, how about Maserati?

Posted by lotp 2008-09-01 19:28|| 2008-09-01 19:28|| Front Page Top

#9 Forget about Fiat, how about Maserati?

NOW you're talking. I definitely want some of that type/amount of cash.

Posted by Jolutch Mussolini7800 2008-09-01 23:36|| 2008-09-01 23:36|| Front Page Top

#10 "or boosting each rial's value to one-hundredth of a gram of gold"

Didn't he study economy? Ouch

Posted by European Conservative 2008-09-01 23:46|| 2008-09-01 23:46|| Front Page Top

23:59 European Conservative
23:57 European Conservative
23:53 Jolutch Mussolini7800
23:51 trailing wife
23:49 Verlaine
23:47 European Conservative
23:46 European Conservative
23:46 trailing wife
23:43 European Conservative
23:39 European Conservative
23:38 trailing wife
23:38 AzCat
23:36 Jolutch Mussolini7800
23:36 AzCat
23:31 trailing wife
23:27 OldSpook
23:23 trailing wife
23:16 trailing wife
23:15 OldSpook
23:15 FOTSGreg
23:05 Procopius2k
22:58 trailing wife
22:53 Procopius2k
22:52 trailing wife