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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    historical decline of the Iranian currency and the prices of cars multiplied dozens of times

    Rocky
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    • Post n°1

    historical decline of the Iranian currency and the prices of cars multiplied dozens of times Empty historical decline of the Iranian currency and the prices of cars multiplied dozens of times

    Post by Rocky Wed 13 Jun 2018, 7:31 am

    [size=32]
    historical decline of the Iranian currency and the prices of cars multiplied dozens of times[/size]
    historical decline of the Iranian currency and the prices of cars multiplied dozens of times Tomen

     Twilight News    

     50 minutes ago



    The price of the dollar has risen again in the official foreign exchange market to more than 6900 Tuman, although the Iranian Central Bank has set the foreign exchange rate at 4,200 tomans, while the value of the green currency exceeds the 7000 mark, Iranian media reported on Tuesday. Toman's free market is the lowest value in modern Iran's history. 
    The price of cars has risen steadily over the past 10 days, from 2 million tomans to about 40 million tomans, pointing out that the value of the US currency has exceeded 6900 Tuman in the market Official foreign currencies since Monday.
    The website pointed to the failure of the banking policies that the Iranian government of Hassan Rowhani tried recently to limit the scope of the foreign exchange crisis in the country, including the prohibition of possession of more than 5000 euros during travel, in conjunction with a repressive campaign against a large number of brokers and brokers in the famous Ferdowsi region Foreign exchange trading in the capital Tehran. 
    This apparent confusion in the management of the foreign exchange market crisis led to ISNA's recognition in a lengthy report that the central bank bears the bulk of responsibility for the deterioration of the situation, asking it to look for alternatives to break the deadlock, The closure of a large number of exchanges and the demand of citizens to search for their requirements of foreign currency recently.
    Qambiz Afsari, Iran's economic analyst, attributed the dollar's rise again to the expiration of the deadline set by the United States to impose new sanctions on Tehran over its controversial nuclear program and the Iranians' fear of possible economic consequences. 
    The rise in dollar prices has led to surges in several other markets, including electronics, appliances and automobiles, one of the worst-hit markets after major foreign companies in this vital sector, including South Korean Hyundai and French Peugeot Citroen, United States withdrawal from the Iranian nuclear agreement. 
    In this context, official Iranian research centers have acknowledged the depth of the country's foreign exchange crisis. The Iranian Parliament Research Center recently issued a 36-page report on the foreign exchange market crisis and its impact on the local economy.
    Iran's foreign exchange reserves fell by more than $ 16 billion, while the bank's foreign currency debt rose by $ 12 billion and the budget deficit hit $ 14 billion recently, while the value of foreign currencies increased, the report showed. Estimated at 30% of the official market. 
    The report of the Iranian Parliament Research Center attributed the reasons for the worsening of the foreign exchange crisis in the country to several reasons, including the growing steady liquidity, the obstacles facing Iranian banks in establishing banking relations with international banks, due to sanctions imposed on Tehran.
    Iran faces deteriorating living conditions, in addition to severe economic crises prior to the US withdrawal from the nuclear agreement, which led to the outbreak of mass protests in a number of different provinces and cities, as well as labor and factional strikes, amid the concern of the Iranian regime to support and finance military militias outside the border to support its influence in several countries. Including Iraq, Syria, Yemen, and others.



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