Runboard.com
Слава Україні!

runboard.com       Sign up (learn about it) | Sign in (lost password?)

 
spud100 Profile
Live feed
Blog
Friends
Miscellaneous info

Moderator

Registered: 12-2017
Reply | Quote
Islamabad Iran =CNN's friend


http://cjlab.memri.org/lab-projects/iran-cyber-initiative-lab-projects/irgc-qods-force-commander-qassem-soleimani-designated-by-u-s-treasury-dept-is-active-on-instagram-posts-include-image-of-white-house-exploding/

Image

Image

Islamabad! The ayatollahs love CNN
8/17/2018, 5:54 pm Link to this post PM spud100 Blog
 
greendocnowciv Profile
Live feed
Blog
Friends
Miscellaneous info



Registered: 11-2017
Reply | Quote
Re: Islamabad Iran =CNN's friend


They have to put up some kind of sign of something. Our sanctions are starting to put their currency under real stress:

"Iran's currency, the rial, has plummeted to a record low amid growing economic and political uncertainty, causing a rush to the banks as Iranians desperately try to acquire U.S. dollars with exchanges forced to shut their doors to prevent long and chaotic lines.

If unchecked, the crisis, combined with further deteriorating relations with the U.S., could spell severe instability for the Islamic Republic.

The rial has lost one-third of its value this year alone. The currency is now 60,000 to the dollar; when Iranian President Hassan Rouhani took power in 2013 a dollar bought 36,000 rials.

The devaluation has been essentially continuous since the country's 1979 Islamic Revolution, when one dollar bought 70 rials.

To stem the mounting panic, Tehran announced this week that it was setting the official exchange rate at 42,000 rials to the dollar, going against the market — and threatening harsh punishments, including detention, for anyone trying to exchange money at a different rate.

This should keep things under control, for now, said Iran researcher Henry Rome of political risk consultancy Eurasia Group.

"The policy change, combined with new restrictions on foreign currency holdings, will likely succeed in arresting the rial's collapse in the immediate term," he said in a research note, adding that the government has sufficient foreign reserves to pull this off.

Still, it will continue to hurt Iranian import and export businesses, which have difficulty accessing currency from the government and rely more on black market exchanges.

Iran's woes are not due to a trade imbalance; non-oil exports in 2017 were $47 billion and oil sales hit $55 billion, leaving a currency surplus of $17 billion.

The crisis is actually in accessing currency notes, which is estimated at only 5 percent of all foreign currency in Iran, while the rest is available in the form of credits for business.

https://www.cnbc.com/2018/04/12/irans-currency-crisis-brings-it-one-step-closer-to-economic-collapse.html

~~~~~~~~~~~~

There is more of the article at that link.

A modern State needs financial flows in and out to prosper. We are impeding that tremendously with our sanctions.

The Chinese and Russians, and "yes and no, back and forth, maybe..." some Euro's are helping them to compensate for the lack of access to most of the Western Worlds money flows. Thats a very limited replacement for what is mostly blocked. It leaves a confused, desperate mess for most people who want to do it.

And its scary for the population! Rumor is rife in that country - in fact, throughout the Mid East. The see the scary new US President Trump reasserting the dominance of "the Worlds Only Hyperpower." Now the Gov threatens people with jail if they try to get rid of their garbage currency at something like a fair price! This is real pressure.

The Gov can issue all the cartoons and Gifs it wants - that means nothing to the peeps. They know Iran cannot stand up to the US.

As the populace sees their personal small pile of wealth evaporate, they can follow rumor/News and know that Iran is backing the Saudi's as they start crushing the Houthis in Yemen - the Iranian-Saudi Muslim cold war proxy fight. Lots of money for that little adventure.

The Hezbollah adventures in Lebanon and Syria are hugley expensive as well. Funding and partially staffing that gigantic Political Party / Militia has to be a gigantic cost.

And rumors about Mullahs with French and British Mansions are rife. People pass the poop and avoid he snoops, and face trouble to boot as they trying to exchange their Iranian "rials" for gold.

Or for the gold standard currency of the world - King Dollah.


8/18/2018, 7:00 pm Link to this post PM greendocnowciv Blog
 
spud100 Profile
Live feed
Blog
Friends
Miscellaneous info

Moderator

Registered: 12-2017
Reply | Quote
Re: Islamabad Iran =CNN's friend


Image
islaaaaaaaaaaaaammmmmaadddd
or in this case, Qum.

Image
8/18/2018, 8:56 pm Link to this post PM spud100 Blog
 


Add a reply





You are not logged in (login)
Back To Top