Iran’s currency plummets further to 112,000 rial per dollar
The Iranian rial plunged to 112,000 for each US dollar Sunday on unofficial markets, a further decline from 97,500 rials on Saturday. Another 29 people were arrested on charges of disrupting the economy and corruption. With tougher sanctions in store, the outlook is bleak. On Aug. 7, the US reapplies sanctions on Iran’s purchase of dollars, trade in metals and US imports of carpets and foodstuffs, as well as on certain financial transactions. Iran’s oil exports are expected to decline by two-thirds when the US ban goes into force from November 4.
15 thoughts on “Iran’s currency plummets further to 112,000 rial per dollar”
Let us say that, in Tehran, one goes to buy a 1 (one) cherry of 1 cent each. This is 1120 rials. He takes his wallet and pulls out one note of 20 rials, one of 100, and one of 1000, and he’s good. No coins necessary!
This way the great Islamic republic prevents the non-ecologic need of copper, steel, zinc and nickel to accumulate in people pockets and then being lost and poisoning the Islamic environment of the country with metals important for army purposes.
By way of compare, the bad imperialistic 1 cent American coin has 2.5 grams of 97.5% Zn and 2.5% Cu. A lot of zinc! The free zinc ion in solution is highly toxic to plants, invertebrates, and even vertebrate fish. Or experiment have shown 6 micromolar concentration of zinc killing 93% of all Daphnia in water.
Our Islamic Daphnia bugs are to have a long life, while all imperialist Daphnia are condemned to an atrocious death.
Zinc indeed very very bad is!
Do not walk in a storm with bad American cents in your pocket, if not a lightning bolt may harm you.
Back in July 2008 in Zimbabwe I used to buy a cherry with 2,000,000,000 the exchange rate was 758,530,000,000 for an American dollar. It went up 1,500,000 times in one year.
Say, your ayatollah has hereditary connections with Robert Mugabe?
Nope US criminal sanctions….financial terrorism from a bunch of cry babies …the dollar is being dropped every which way but loose……screwed…….
Brilliant dude haha….
Do not do as Obama did by easing sanctions just when they begin to produce results and start changing the behavior of the Mullah fascists. Bestrong and determined, President Trump.
Bagfuls of sanctions coming for ISISrael….smart asses…..not so smart soon……and the funny thing none of you morons can see it coming…. tragic…..
It must be a good thing that we don’t mint pennies any more made from steel coated with zinc like we had to do back in 1943!
Coffin nails. Carrot top n stick. Get em Trump! Shake hands with the man god king. Or take a missile up your dirty skirt pajamas. Mullah it over.
Where does Debka get the rates from?…
xe.com rates are : 1 USD =44,004.72IRR
That is the official rate. The true rate, as of today, is +- 112,000 rial per dollar.
No Iranian bank will sell you dollars at a 44k rate.
This is a government imposed and fixed rate.
Your HOST is 21 trillion in debt….countries are buying gold and dropping the dollar and treasury bonds….so you are all laughing now but very soon the US will be a third world country….no more free money from your host…lol……BDS Bibi baba…..
Baghdad Boob, Keep dreaming.
Dow Jones at record highs.
Unemployment at record lows.
Arabs/Muslims killing Arabs/Muslims.
Sanctions biting yer lifted azz in Fascist Iran? Though Shiite pal.
Sign in a bathroom in Tehran. Pleased don’t use Rials they clog the toilets. Thank you.