Something with these numbers does-not make any sense. Hogooge yek karmand 1/5 one million toman which is 200,000 toman. As of today , the dollar was trading at 11,500 toman for one dollar. 200,000/11500= $17 not $400 dollars. $400 x 11500= 4,600,000.00 toman and at the fictional rate 4200 per dollar it is 1,680,000.
I will back the numbers into the official rate as this article states what real life is all about.
In 1978 it was 7 toman to $1 or 1/7=14.28% One Toman compared to the dollar
Today at the official rate it is 1/4200= .0002381 One Toman compared to the dollar
At the free market rate as of today=1/11500 or .00008696 One Toman compared to a dollar
At the free market rates 6/7=.85 of $1x 11500= 9775 toman or 97,750 rial would have been the monthly wages of a worker in Iran in nominal numbers factored after inflation or 170 Nane Sangak.
Median family income of a US household was $15,079 in 1978 ; it is $59,039 today
A chevy nova was selling for $3887 or 27,209 toman. According to your figures, the peykan was selling for $2,571.00.
An American family could buy a Nova in 3.09 months. Today a Chevy Cruz is $17095. It will take a family 3.47 months to pay for a Cruz.
An obsolete pride/Ford Fiesta is selling for $4,761 =20,000,000/4200
At free market rates it is selling for 54,751,500 toman or 273 months 273/12 22.75 years
20,000,000/200,000=100 months or 8.33 plus years of salary( at official rate) for junk obsolete car that was introduced in 1987
In 1967 we bought the defunct hillman hunter and were manufacturing the cars in iran. In 2018 we are manufacturing 40 year old junk prides.
Based on these figures, it will be 12 years salary at the official rates 20,000,000/4200= $4761/400=11.9 years
At free market rates it is selling for 54,751,500 toman or 273 months 273/12 22.75 years
So Iranian worker went from 90/12= 7.5 years for a Peykan to 11.9 years for Junk Pride. Net loss of 4.4 years of annual income at official rates.At free market rates, he has to work 22 years for a f..kng pride.
While the American family has lost .38 months due to inflation and loss of purchasing power of the dollar, The Iranian worker has lost 2.2 years ( 4.4/2 presumed that both husband and wife work) or 300% + purchasing power .Once you back in the free market rates of 11500 per dollar then you can see the devastation.
"A recent report titled Measurement and Economic Analysis of Urban Poverty showed that between
44.5 percent and
55 percent of Iran's urban population lives below the poverty line.Jul 23, 2014"
Maybe Fadayeyan Rahbar should ask Rahbar to bring back the $146,000,000,000 that was stolen. We can have Kevlar vests and helmets. It is their right and their money that was stolen. This way we will not have as many martyrs.
6 years ago I was buying dollars for 1500. Today it is 11500.
In sum, the Iranian worker has lost 329% of his/her purchasing power since 1978. The delusional author of this article has avoided hyperinflation by dividing inflated salaries into a fixed official rate that the average worker has no access to.
