Iran’s currency sinks to a historic low

The posted open-market rate of the Rial v. the US dollar on Saturday was about 77,500:1. Some reports from Tehran said the currency had broken the 80,000:1 mark. The rial has lost about half its value since January, amid domestic problems and tightening US and international sanctions. The government tried raising interest rates on savings, switching to the euro and arresting illegal currency traders, to no avail against the slide.

 

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12 thoughts on “Iran’s currency sinks to a historic low

  • Jun 24, 2018 @ 13:22 at 13:22
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    Trade war is awesome.

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  • Jun 24, 2018 @ 13:43 at 13:43
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    HAHAHA…SUCK ON THAT MULLAH MORONS – now how about a full-scale war with Israel to finish you off?! Pathetic terrorist scum that’s all you are and you will heel to the US and Israel!

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  • Jun 24, 2018 @ 14:02 at 14:02
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    Iran is a huge country with a great future if it were not for Islamist overlords who want to spread their horrid beliefs globally. The problem is that when Muslims overthrow their own Islamic oppressors thry instal much the same in their place so there is really no hope as long as Islam is connected to politics and rule.

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  • Jun 24, 2018 @ 14:05 at 14:05
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    Sad as it is, the above comment probably sums up the majority of the problem. Eradication of Islam would be the best thing for this world since sliced bread and peanut butter.

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    • Jun 24, 2018 @ 16:11 at 16:11
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      I agree, his comment is right on the money,

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  • Jun 24, 2018 @ 16:41 at 16:41
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    It’s difficult for them to be optimistic about the future, and that would be a bad news for middle east

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  • Jun 24, 2018 @ 16:47 at 16:47
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    Now the mullahs will not be able to buy camels

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  • Jun 24, 2018 @ 17:35 at 17:35
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    This is terrific! Once the average persian pervert realizes that the cost of Camel pricks has soared sky high and the only ones who can afford big quality Camel pricks is the IRGC and the FAGATOLLAH all hell will break loose. This will put the French revolution to shame!

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  • Jun 24, 2018 @ 20:23 at 20:23
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    Shorting this currency would go a long way in making it free fall and cause runaway inflation.

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  • Jun 24, 2018 @ 23:23 at 23:23
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    The Elites in Iran don’t care about the value of their own currency. All of their investments are in gold or the US dollar, off shore. It’s the common persons on the street that is impacted and that is exactly where the impact is designed to take place. Keeping social order with an Ironfist only works for so long….just ask Assad. The pressure is growing and the investment in organizatons like the Green Party is taking place.

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    • Jun 25, 2018 @ 2:24 at 2:24
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      The Iranians are in a currency talks with the Chinese to come up with a petro currency that eill chsllenge the USD. Ha, ha, ha, good luck eith that. I think that the Turks have also signed on. I think that they should name it the Islamo-Chink exchange.

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      • Jun 25, 2018 @ 2:27 at 2:27
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        The Iranians are in a currency talks with the Chinese to come up with a petro currency that will challenge the USD. Ha, ha, ha, good luck with that. I think that the Turks have also signed on. They should name it the Islamo-Chink exchange.

        Reply

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