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Monday, December 19, 2011

Rial at Historic Low

The Iranian currency rial today continued its free fall and ended the day at 14,400 rials per dollar, a historic low. The rial has lost 7% of its value in the past 30 days alone (on 19 November, it was traded at 13,400 per dollar).

7 comments:

  1. Yes we get it, the Rial is depreciating in value.

    Is there a need to talk about it every other day?

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  2. as soon as Govenment doiews not inject petro $ to the Market the rial will fall.

    let it fall, to real value

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  3. Yea no you don't get it, and yea we need to talk about it. The missmanagament of the country by the Mullahs and "Mullah lovers" has led to ordinary people becoming poor and poorer and lossing their buying power. You cannot fight the whole civilised world and not face the consequences. The Islamo facist IRI will go down the same path as the Nazi Germany.

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  4. Nothing strange due to those internationally, illegal sanctions after sanctions, years after years by the world most arrogant and bully nation at which is on the brinks of bankcruptcy and collapse in the near future.

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  5. Anon 7!16 AM,

    Interesting you say that. This news was widely covered today by Fars, IRNA, Mehr news agency and Kayhan, among others. I assume I need to forward them your comments not to pay attention to this topic in future.

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  6. Illegal? Maybe in your mind. If anything is illegal it is the legitimacy of this barbaric regime.
    We will see which regime will collapse sooner IRI or the US government!

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  7. Panic selling of the rial started yesterday and continues today.....how low will she go???

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