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Thread: Iranian tendency to delete 4 zeros from the national currency

  1. #1
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    Default Iranian tendency to delete 4 zeros from the national currency


    Iranian tendency to delete 4 zeros from the national currency
    1/6/2019

    head of the "Alolaiaan" in the Islamic Shura Council , Hamid Reza Haji Babaei, Sunday that announced the cancellation of four zeros from the national currency is included on the agenda.

    Hamid Reza Haji Babaei in a press statement briefed on the participation of the Governor of the Central Bank of Iran Abdul Nasser Hamati today in a meeting of "the House of Representatives of States" in the Islamic Shura Council, noting that my interest was presented during this meeting a report on the performance of the Central Bank in different fields.


    The Iranian parliamentarian said that "Hamati stressed during this meeting that the government of Lador has a high exchange rate of foreign currencies."


    "The governor of the Central Bank of Iran believes that the main problem in the country is not in foreign currency but in riyal, and has been standing in front of checks that are sold and bought in Dubai," Haji Babaii said.


    "The road is open to China and Korea and the road to establishing relations with India is being opened," he said. "There have also been good talks with Turkey."


    "The liquidity of 1,700,000 billion has lost 30 percent of its power as a result of inflation. We intend to delete four zeros from the national currency, which should be done quickly," Hamati was quoted as saying.

    https://www.almaalomah.com/2019/01/06/380098/

  2. #2
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    Default Re: Iranian tendency to delete 4 zeros from the national currency


    Iran's central bank plans to delete 4 zeroes from the currency


    1/6/2019


    (International: Al Furat News) A deputy in the Islamic Shura Council in Iran, (parliament) revealed the intention of the central bank in the country to delete four thousand of the Iranian currency.


    "The governor of the Central Bank of Iran Abdul-Assad Hamati, announced that the liquidity of 1700 thousand billion Tuman lost 30 percent of its capacity due to inflation."

    He added that the governor of the bank confirmed that the bank plans to delete four zeros from the national currency and that he should take the initiative quickly and the banking system should be reformed. "

    Papai said to the meeting of the bloc held on Sunday in the presence of Central Bank Governor Abdul Nasser Hamti to discuss the status of the country's reserves Of hard currency and inflation in society. "

    He said that the governor of the bank pointed out at the meeting that the central bank in front of two important challenges are the hard currency and the national currency and at a time when the people suffer from the size of inflation, we find that the value of foreign currency tended to stability.

    He said that Hamati also pointed out that the US president is forced to retreat daily after he claimed the collapse of the Iranian economy says today that the Iranian national currency is now besieged.

    "" The central bank governor announced that the government never plans to revalue the hard currency and we have to achieve better, "

    The governor said that the reason for the non-decline in the value of hard currency is due to the perception that the value of hard currency will increase again, noting that the road is open with China and South Korea on his way to deal with India while talking with Turkey in this area. "

    Haji Babai announced that Hemmati said he could not hold hopes too much on the European channel, but it should work on the claim ".anthy

    http://alforatnews.com/modules/news/...storyid=184274

  3. #3
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    Default Re: Iranian tendency to delete 4 zeros from the national currency


    This is another one of those article that makes me go hummmmm! Why all of a sudden does Iran feel the need to change the value of their currency...and in such a hurry? Could it have anything to do with a next door neighbor they do a lot of trade with, and the fact they have an agreement to trade each others currencies as payment?
    A lot of little things could be adding up to One Big Thing. JMHO
    Thanks harry

  4. #4
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    Default Re: Iranian tendency to delete 4 zeros from the national currency


    HOTROD iam all in on that also.

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