Protests in Iran over economic downfall

[Mahmoud_EGY]

As i told Central Bank is already short of $ because of sanctions, India and China her two major customers are making half of payments in their currencies, so central bank is unable to supply as per demand and moreover this is artificial demand as many people are just buying dollars for making profit. Central bank could have increase interest rates in order to encourage people to keep their savings in banks.

but this would take some time before the people see the effect iran needs some dollars fast for the local currency this panic will make the people buy more dollars making the local currency value lower and making this crisis even bigger

 

[Sugarcane]

Well said. Speculative trading is at the core of many such commodities including currency.

However the downfall of Iranian currency has much more complex reasons than just speculation on part of traders.

Iran is rich with petroleum, and perhaps this is why it is poor as well. See the irony?

When Mullahs took over Iran, the ratio of its currency was 70 to a dollar. If suppose we were looking at 700 to a dollar. Perhaps there could be some comfort.

But the currency drop since 1979 from 70 to 32000+ is horrible and it points to much more than speculative trading.

peace to you.

1. CBI Rate is 12,600 and it was devalued from 10,400 after new round of sanctions 32,000 is open market rate and main reason behind this huge variance is speculation lead demand, tell me how many Pakistanis are converting their savings in $ although Pakistani currency is also devaluing rapidly, imagine what will be the rate of dollar if huge number of Pakistanis all of sudden goes to market to buy dollar?

2. It's not just Mullahs (yes they are one of dozens factors), you are completely ruling out other big factors i.e. Iran have independent policies which is forbidden for countries having huge reserves of oil and minerals, you have seen what happened to saddam who was hero when he was fighting with Iran but became Satan once he announced to sell oil by his own and also in currency other than $, same happened in Libya, World bank's head was scandalized just after his announcement that world need reserve currency other than $ and also war of Regional dominance Persian Vs Arabs and Iran is country

3. I am not fan of Mullahs because in Shah's era Pak-Iran relations was strongest but Shah was not probably good thing for Iranians that's why they through him out and i respect their choice.

PS: My comments was purely based on my observation and experience, I don't have any soft corner for regime nor i have any hate - so don't drag me in Anti/Pro regime debate.

 

[Mahmoud_EGY]

But they don't look alike... and + what do say about Berbers, Phoenicia, Kurds, Nubians, Bedouins? Most of North Africans, and Mediterians hate you gulf people. This is a fact you simlply cannot deny.

this is proves by DNA research and also the arab nationalism is ancient history now it didnt work and will never do soon all will realize this the number of people who refuse the arab nationalism is getting bigger every day especially in egypt and algeria

 

[Edevelop]

I'll say the opposite. Sanctions have somewhat turned out to be good for Iran. Science and Research has never been so advanced as it was before. They have gone so far ahead that they are now leading the Muslim world. Secondly, when sanctions occur domestic values are forced to somewhat meet demands. This has an immense affect on uniting/growing people together. Thirdly, they have saved their resources i.e. like Oil and Gas by less exporting and more consuming for own cause. I know a lot of of people will debate here but my point being is that the current world is in the globalization period. Its not a good thing at all, its new colonialism. In terms of economics, a country becomes dependent on another therefore what one sees this is as an artificial system that can never be sustainable. With one country like Iran not in the system, you would no doubt experience a shock, but i firmly believe that it would be temporarily. People will just get used to it and work to make 'their' country better.

 

[BLACKEAGLE]

this is proves by DNA research and also the arab nationalism is ancient history now it didnt work and will never do soon all will realize this the number of people who refuse the arab nationalism is getting bigger every day especially in egypt and algeria

And from where did you get this? Just because you say so! You have never been right about anything. Any Arab would identify himself with his nationality (Egyptian, Jordanian, Saudi...etc), then an Arab then a Muslim or Christian, religion could come first to some. You can hear Arab Ummah word everywhere in Arab world. I don't like the old Arab nationalism that Saddam and Assad used to adopt but rather Arabisim that put Islam and human rights first. Egyptians are the most people who use the word Arab Ummah more than Kalijis or Jordanians. Without this Arab world you wouldn't not have given tens of billions by Arabs in aids, and millions of you wouldn't have been working there.

 

[Vassnti]

I'll say the opposite. Sanctions have somewhat turned out to be good for Iran. Science and Research has never been so advanced as it was before. They have gone so far ahead that they are now leading the Muslim world. Secondly, when sanctions occur domestic values are forced to somewhat meet demands. This has an immense affect on uniting/growing people together. Thirdly, they have saved their resources i.e. like Oil and Gas by less exporting and more consuming for own cause. I know a lot of of people will debate here but my point being is that the current world is in the globalization period. Its not a good thing at all, its new colonialism. In terms of economics, a country becomes dependent on another therefore what one sees this is as an artificial system that can never be sustainable. With one country like Iran not in the system, you would no doubt experience a shock, but i firmly believe that it would be temporarily. People will just get used to it and work to make 'their' country better.

Problem is that Iran specialised in a few economic fields and many of those brilliant researchers have emigrated to other countries. In theory a country can survive in total isolation but do you really want to live in a north korea?
The problem is the adjustment time and that sanctions are targeted, not true isolation. So the closed system bleeds resources rather than being totally self contained. Iran still has a number of outgoings and now fewer incomings thats not a closed system, its more like a space station with an air leak.

Could Iran survive and prosper on its own and give the world the finger, probably if it had more time than it does and if the people runningthe economy could count past 13.

 

[fallstuff]

Article on CNN, probably had it staged, would not be surprised at all.

 

[Kamal_Jamal]

Geez, this thread is quite embarrassing. I not surprised it was started by economic illiterate backwards posters, I cannot blame these people since they from nations where education is shun and knowledge is deprived. Currency doesn’t equate to economic health. Learn this basic economic principle in your madrasas first before spewing your Wahhabi infested rubbish.

ran economy is doing quite well, non-Oil exports are up, tax reform has increased revenue, Oil contracts have been expanded with Asia. Iran’s currency has always been overvalued; the devaluation will help Iran in the long run, lower currency means exports become more competitive, imports become costly and thus increasing demand from domestically made goods. Iran hasn’t
been effected by the sanctions and its foreign reserves are healthy than ever.

Protests happen in Iran unlike backwards Gulf states

 

[Syrian Lion]

Iranians needs to be patient.... this is what the west wants..... they put sanctions so they can anger the people.... Iran must not fall into the western trap.... look what happened in Syria....

And blackeagle did you froget your Arabic comments regarding Iranians and Shia... so enough BS.... we all know why you hate Alasad and why you love Saddam....

and this comment is from your friend Mosa.... i wont post your yet....

 

[BLACKEAGLE]

Iranians needs to be patient.... this is what the west wants..... they put sanctions so they can anger the people.... Iran must not fall into the western trap.... look what happened in Syria....

And blackeagle did you froget your Arabic comments regarding Iranians and Shia... so enough BS.... we all know why you hate Alasad and why you love Saddam....

and this comment is from your friend Mosa.... i wont post your yet....

Plz post if you find any.

Your post was reported BTW, enough with this childish behaviors.

 

[Syrian Lion]

Plz post if you find any.

Your post was reported BTW, enough with this childish behaviors.

reported for what?


exposing the truth...
and don't worry... hmmm you call truth childish behaviors...

your childish behavior is pretending to care for Iran.. while in reality you want its destruction...

 

[BLACKEAGLE]

reported for what?


exposing the truth...
and don't worry... hmmm you call truth childish behaviors...

your childish behavior is pretending to care for Iran.. while in reality you want its destruction...

Got any proof? why would I "pretend" to wish for it's destruction? Do you think I am afraid of you or Iranians here?

I think that I am well known to be frank and open here, I don't wish Iran destruction or Iranian suffering because I am not an animal who rejoices over others misery. They are victims of their oppressive regimes like Syrians. I always say that I have no problem with Iranians but rather with their regime. Unlike you, you sold out your own people and country. Have some shame!

 

[Don Jaguar]

Just imagine this stupid rivalry is finished and done for. And we finally live in peace and harmony in the Middle East focusing on making our lives better other than making the lives of others worse.

Holding each others hand instead of trying to break it. My God this is the world I wish for, maybe it is finally coming true.

You said you want to burn all shias, Don't show your hypocrisy here.

 

[Syrian Lion]

Got any proof? why would I "pretend" to wish for it's destruction? Do you think I am afraid of you or Iranians here?

I think that I am well known to be frank and open here, I don't wish Iran destruction or Iranian suffering because I am not an animal who rejoices over others misery. They are victims of their oppressive regimes like Syrians. I always say that I have no problem with Iranians but rather with their regime. Unlike you, you sold out your own people and country. Have some shame!

You are the one who is asking The kaffirs (NATO) to invade Syria.... and you have sold you arabism long time ago.... you have sold your country and honor....and yes i have a picture.... im just choosing when to play my cards...

Just imagine this stupid rivalry is finished and done for. And we finally live in peace and harmony in the Middle East focusing on making our lives better other than making the lives of others worse.
Holding each others hand instead of trying to break it. My God this is the world I wish for, maybe it is finally coming true.

I wont translate it because it's really bad

 

[Don Jaguar]

reported for what?


exposing the truth...
and don't worry... hmmm you call truth childish behaviors...

your childish behavior is pretending to care for Iran.. while in reality you want its destruction...

I second that, my family members lived in saudia for some time, even i have noticed this, these people are hypocrite look what they are saying here? and in saudia its just kill kill kill shias.

I wont translate it because it's really bad

Please expose the truth.

Give me the translation and delete it after some time.