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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

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    The World Bank: The Iranian citizen is 32 percent poorer Wednesday 18 July

    Rocky
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    The World Bank: The Iranian citizen is 32 percent poorer Wednesday 18 July Empty The World Bank: The Iranian citizen is 32 percent poorer Wednesday 18 July

    Post by Rocky Wed Jul 18, 2018 4:43 am

    The World Bank: The Iranian citizen is 32 percent poorer


    Wednesday 18 July



    The World Bank: The Iranian citizen is 32 percent poorer Wednesday 18 July NB-242123-636674998476809991



    has witnessed a painful economic downturn in the past four decades, according to Iranian media reported on Wednesday. 

    According to World Bank figures, Iran's economy has fallen from 17th to 27th place worldwide over the past four decades. 

    According to Radio Fardi, which broadcasts from outside Iran, the 10,000 Iranian riyals was worth about $ 150 before 1979, but now they are just over 10 cents in the volatile exchange market in Tehran.




    The World Bank estimates that per capita GDP in Iran based on the real purchasing power of the Iranian currency between 1976 and 2017 reveals that during this period the average Iranian citizen was 32 percent poorer. 

    Masoud Nili, economic adviser to Iranian President Hassan Rowhani, said Iran's current per capita income was 70 percent of its per capita income in 1976. 

    This confirms that Iranians have become 30 percent poorer over the past four years. 

    Iran is not a resource-poor country. The country's fossil fuel and oil reserves are higher than those in other oil-producing countries.



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