Iran Economy

[Persian Gulf]

I wanted to note, that Amwaj Media is based in the UK. Also there is no ‘w’ in Farsi:

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why talk about poverty rates in iran in the iran economy thread when we can talk about whether there is a w in Farsi

 

[jauk]

why talk about poverty rates in iran in the iran economy thread when we can talk about whether there is a w in Farsi

Let's do even better. Let's talk about the economy (with using 'w's) and not use foreign sources?

 

[Persian Gulf]

Let's do even better. Let's talk about the economy (with using 'w's) and not use foreign sources?

this is not an echo chamber no matter how much you want to make it one, all sources should be judged on their merits not their origin

I note you did not refute anything in the article itself, so you are basically trolling and I encourage you to stick with substantive arguments or provide your own sources

 

[jauk]

this is not an echo chamber no matter how much you want to make it one, all sources should be judged on their merits not their origin

I note you did not refute anything in the article itself, so you are basically trolling and I encourage you to stick with substantive arguments or provide your own sources

I encourage you not to use unsubstantiated foreign sources (which I refute on principle) as well and not be perceived as 'basically' a source of anti-Iranian propaganda. I thought I'd throw that in there since you turned it up a notch with your unnecessary 'trolling' comment. Want to continue on this trajectory?

 

[Persian Gulf]

I encourage you not to use unsubstantiated foreign sources (which I refute on principle) as well and not be perceived as 'basically' a source of anti-Iranian propaganda. I thought I'd throw that in there since you turned it up a notch with your unnecessary 'trolling' comment. Want to continue on this trajectory?

I repeat this is not an echo chamber and you cannot ban 'foreign' sources as much as you would like to. you can continue as much as you want but that won't change

 

[Persian Gulf]

stay on topic

 

[Persian Gulf]

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[FHN]

Is this the real exchange rate? How is something like this even possible?

 

[Persian Gulf]

View attachment 78751
Is this the real exchange rate? How is something like this even possible?

economic warfare by USA and economic mismanagement by IRI (by their own admission)

people use Toman rather than rial, so you can remove one zero, but it's still terrible

 

[FHN]

economic warfare by USA and economic mismanagement by IRI (by their own admission)

people use Toman rather than rial, so you can remove one zero, but it's still terrible

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This thread makes sense why Iranians are rushing to buy gold.

 

[FHN]

So Iran changes currency from rial to toman? So how does Iran trade with other countries? In what currency? It doesn't seem like rial has any value. 1 toman = 10000 rials.At current exchange rate of 700000 rials to a dollar means 1 dollar = 70 tomans am I correct?

 

[Persian Gulf]

So Iran changes currency from rial to toman? So how does Iran trade with other countries? In what currency? It doesn't seem like rial has any value. 1 toman = 10000 rials. At current exchange rate of 700000 rials to a dollar means 1 dollar = 70 tomans am I correct?

1 toman = 10 rial

it's more of an informal currency update

 

[FHN]

This was market prices for $1 in 2013. Now let's do a bit of comparison to Argentine pesos.In 2012 Argentina banned citizens from buying Dollars to force them to save in Pesos.
At the time you could get ~4 Pesos for one US Dollar.Today you can get 999 Pesos for a Dollar. That's hyperinflation .I kinda underestimated the extend of US sanctions on Iran.

 

[FHN]

So basically Iran trade with china by exporting Oil in exchange for Services and Manufactured Goods instead of . Same can be applied for most countries trading with Iran if I'm correct.

 

[jauk]

So Iran changes currency from rial to toman? So how does Iran trade with other countries? In what currency? It doesn't seem like rial has any value. 1 toman = 10000 rials.At current exchange rate of 700000 rials to a dollar means 1 dollar = 70 tomans am I correct?

Toman terminology has existed for about a century. Eg the dollar is 100 cents. But nobody uses that as an exchange terminology.

A toman is similarly 10 rials. In Iran both terms are used.

There’s now yet another recent aggregation unit which is ‘hemmat’ which used in a big market context such as the Tehran Stock Exchange.

1 hemmat is 1 trillion tomans or 10 trillion rials.