Hack-Hook
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It become faster since that time .
By the way why use a useless thing . do it right and you have done it for the next generations and by doing so you will stop lots of theft .
Credibility of currency is based on how you back it . If you can't back it with gold and forex if your people can't provide an acceptable living conditions All these numbers means shit.
Read the first two page and you see why it will otsolve anything.Please don't link to an article. If you have read that article, then tell me its highlights. I can't read an entire article to understand you.
Wrong it was the case until second term of Ahmadinejad.1. They say that because Iran's inflation will remain high without fundamental reforms, we will have to do the same thing again in future. After the 1979 revolution, almost every 10 years, Iranian Rial has lost 90% of its value. So, basically, if we drop 4 zeroes from our currency, we will have to do the same 40 years later. So, spending money on something that will happen again is a waste of money. This is a valid argument, but who knows what can happen in 40 years?
It become faster since that time .
By the way why use a useless thing . do it right and you have done it for the next generations and by doing so you will stop lots of theft .
Wrong . it show you don't knew the conditions of living of low income people tbe ones who are under absolute poverty line.2. They say that rounding old prices can cause extra inflation. For example, something that previously was 35,000 IRR will probably get rounded to 40,000 IRR. But we all know that inflation in Iran is already past that stage that people care about 5,000 IRR.
The banks are not the only problem and why not fix those banks first3. They say that changing currency can lead to an increase in liquidity and hence an increase in inflation. But the main source of liquidity in our economy is our debt generating banking system. If we implement this reform slowly and collect old papers and coins as we replace them by new ones, this won't be a problem
It will add to shit.On the other hand, people who agree with this reform, including me, believe that slashing 4 zeroes will add to the credibility of our currency.
Credibility of currency is based on how you back it . If you can't back it with gold and forex if your people can't provide an acceptable living conditions All these numbers means shit.
Ask any economists and they will tell you it will have a ad psychological effect on market.It will have a positive psychological effect on many Iranians who think their money is worthless because 1 USD ~ 160,000 IRR. I believe this is a good move that should've been done years ago and the more we delay it, the more we let people think that the Iranian currency is worthless.