like_a_boss
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1 dollar = 112000 rial
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Ironic you talk about Iran having water given water scarcity is the single biggest issue facing Iran today (and will be for the foreseeable future)...What does Iran need ? from World ? nothing
They have water
They have food
They have oil
They have Car manufacturing already 100% local
They have Banks who now will deal with China / Russia and Pakistan
Own space program
Own Schools and Research programs
kid China aint building any naval base in Pakistan, its actually Pakistan herself which is building it.You mean Pakistan’s Persian gulf Masters?
Pakistan is wholly owned and influenced by House of Saud and China. With China building a naval base in Pakistan, you have effectively traded your soverigenty to two countries in exchange for security and survival.
We should now Welcome Pakistan to the Banana Country Club.
Ironic you talk about Iran having water given water scarcity is the single biggest issue facing Iran today (and will be for the foreseeable future)...
Basic foods (such as wheat/rice) are still imported in large quantities.
Iran still lacks the technology to properly utilise its gas/oil reserves for domestic use.
Car manufacturing is a joke, they are mostly death traps and production is falling.
The banks are saddled with bad debts and nobody wants to deal with them, even the EIB said they don't want to follow the European Commission's proposals to deal with Iran.
Space program is cancelled.
20m Iranians are homeless.
Lets not lie to ourselves.
there is no country can turn the tide if it does not look into basic human nature, facing the reality, focusing on manufacture, spending on public education````a religious centric and oil dependent Iran has no future, I know they are not our enemy, but it is the saf factPartially. There is a lack of confidence/demand in the Rial due to economic and political uncertainties (of which high inflation is a huge factor).
If the Rial is falling, what it basically means is that people are selling Rials and buying foreign currencies (dollar/euro/etc.) So there is a low demand for Rials and a high demand for foreign currencies.
The Iranian government can shore up the exchange rate by buying Rials and selling foreign currency denominated assets. But that is expensive and it will drain the foreign currency reserves quickly.
They can also raise interest rates to attract investment in Iran (which will increase demand for Rials) but that will negatively impact economic growth. Also, foreign investors are being scared away by the risk of sanctions.
there is no country can turn the tide if it does not look into basic human nature, facing the reality, focusing on manufacture, spending on public education````a religious centric and oil dependent Iran has no future, I know they are not our enemy, but it is the saf factPartially. There is a lack of confidence/demand in the Rial due to economic and political uncertainties (of which high inflation is a huge factor).
If the Rial is falling, what it basically means is that people are selling Rials and buying foreign currencies (dollar/euro/etc.) So there is a low demand for Rials and a high demand for foreign currencies.
The Iranian government can shore up the exchange rate by buying Rials and selling foreign currency denominated assets. But that is expensive and it will drain the foreign currency reserves quickly.
They can also raise interest rates to attract investment in Iran (which will increase demand for Rials) but that will negatively impact economic growth. Also, foreign investors are being scared away by the risk of sanctions.
Is that supposed to be a contradiction? It is precisely because of Iran's insane and inefficient use of water in agriculture etc that Iran has such a big water problem.Water issues yet iran is the leading producer of pistachios, a nut that requires a huge amount of water.
Iran is not as oil dependent as the Persian Gulf kingdoms and has survived far worse than this, but yes big changes are needed because Iran deserves to thrive not just survive.there is no country can turn the tide if it does not look into basic human nature, facing the reality, focusing on manufacture, spending on public education````a religious centric and oil dependent Iran has no future, I know they are not our enemy, but it is the saf fact
Terrible. Once the first wave of sanctions hit what will happen? Then the second wave? This is not sustainable...Toman hit 12,000 to 1 USD dollar today
I know the doctor in our city. Which has a daily income of 40 million ...I buy 1$ burger and that so expensive in Iranian equals to 7000 toman, oh man.
In Iran a good burger cost you even up to three time that priceI buy 1$ burger and that so expensive in Iranian equals to 7000 toman, oh man.
not all doctors have that income , in fact you can count them with the finger of your hand , as a matter of fact a doctor he is employed and won't work for himself , can expect an hourly wage of 25000-30000 Toman per hours it means right now 2$-2.5$ per hours.I know the doctor in our city. Which has a daily income of 40 million ...
And 7000 toman for the burger is very low ...
https://www.delino.com/restaurant/baberburger-satarkhan
Not much. You need to look at this from economic perspective. What you see right now is the result of panic in the market.Terrible. Once the first wave of sanctions hit what will happen? Then the second wave? This is not sustainable...