The downward spiral of the
rial continued late on Saturday, with the national currency hitting new lows
practically on hourly basis, finishing at 28,100 rials a dollar. Reports
reaching us after the closing hour of the currency exchange centers indicate
that rial has hit a new low in after-hour trading; now being traded at 29,000
rials a dollar.
Meanwhile, the price of the official gold coin, Bahar-e Azadi, hit a historic high of 1,115,000 rials.
Meanwhile, the price of the official gold coin, Bahar-e Azadi, hit a historic high of 1,115,000 rials.
Photo: IRNA
Quote from Khomeini: "Economy is for donkeys."
ReplyDeleteAnd this is what happens when you give a country to donkeys to run.LOL!
ReplyDelete7:04 is a talking donkey, spouting pure nonsense and putting the blame on the wrong people. Let's be honest, it's rather due to the unjust and unfair sanctions imposed on the country.
@anon 7:48
ReplyDeleteRepost your comment minus the word nincompoop and it will be posted.
Sorry
Anon 7:22 PM
ReplyDeleteYou accuse me of being a talking donkey,LOL!
Yet you claim the people that are running the country into the ground are not to blame for their enormous cock ups!
So tell me Gache for brains,if you gamble your money away on the horses,who do you blame,the horses or yourself?
Anon 7:22 PM
ReplyDelete"7:04 is a talking donkey,"
Since talking donkeys are running Iran and you're working for them as a underdog,then I consider them as your superiors.
Economic collapse is just around the corner.
ReplyDeletecollapse is not really just around the corner.
ReplyDeletethe sanctions haven't yet really started to bite.
there's a year of progressively serious damage to go before collapse should even be suggested.
Anon 8:05PM
ReplyDeleteYou would rather wither earlier, before any next year collapse would ever happen.
Anon 5:33 AM
ReplyDeleteNo one here is for withering against the Islamic fascist theocracy.Give your Sisyphean imagination a rest!