1 dollar = 4800 goozman

Nov 10, 2002
9,091
603
The doomsday is already here. If you think the artificial exchange rate of US dollar vs. Rial has any significance in Iran's economy, well then, try to get informed.

Just yesterday, the government itself released official numbers for "poverty line" (minimum income required) for family of 3: 7,000,000 toman. The current minimum wage in Iran: 1,500,000 toman. It's impossible for a married couple to survive at a sustainable rate these days. If that's not called doomsday in your book, well then, try to get informed.

The US dollar will jump to its natural rate (at least triple the current artificial rate) when the wheels of Iran's economy actually start turning (that will happen sooner or later). Right now, everything is at a standstill. There is so little business activity, there's little demand for US dollar. The entire country can be considered "unemployed" right now because nothing is happening. Once this changes (and it must), the true depth of today's catastrophe will be visible.

Until then, do not hold significant sums of Rial for any reason. US dollar is a very good hedge right now. It's actually subsidized by Iran's government. The somewhat smarter people are constantly adding to their foreign currency balance. At these rates, it's a no-brainer. Doesn't matter though. Iran fell deep into poverty much sooner and faster than even I had anticipated. It's an ugly forecast from here on.
When you are biased, you don't get informed. Don't waste your time
 
Likes: Zob Ahan

Iksanihc

Well-known member
Feb 14, 2019
710
299
As i said, boss (US) just makes sure his self constructed enemy remains the way it is: A basically darb o daaghoon country, not strong enough to harm anyone in the west but strong enough to keep the region hostage through creating conflicts right and left. Everythings fine, even the IR is fine with this situation as there is no one fighting them from within so their heads are still getting richer and richer and the only idiots who are swallowing everything and put up with all kinds of heghaarat is the iranian people.
 

Playboy

IPL Player
Oct 18, 2010
4,247
416
dollar keeps dropping lower and lower
when is this doom's day everyone was talking about a few months ago?
if you go by the stuff that get posted here then bitcoin would be now at $50k,
amazon at $5k a share and tesla at $1k a share.moreover,syria would be 'free'
after bashar went "on the verge" 6 years ago,the top moola in iran has had cancer
for 10 years,the moola regime is already been 'changed' 10x over,etc....
just read my posts and get the real picture not a comic strip version of reality.
 

Natural

IPL Player
May 18, 2003
2,559
3
if you go by the stuff that get posted here then bitcoin would be now at $50k,
amazon at $5k a share and tesla at $1k a share.moreover,syria would be 'free'
after bashar went "on the verge" 6 years ago,the top moola in iran has had cancer
for 10 years,the moola regime is already been 'changed' 10x over,etc....
just read my posts and get the real picture not a comic strip version of reality.

hahahahhaha... sad but true.
 
I.R is testing the waters for taxation of deposit interests.

This is a normal occurrence in advanced economies: The interest your receive on your deposits gets taxed either as income or at a standard rate.

It is however an unprecedented move in a country like Iran where inflation is officially at 50%(annually) and average interest paid on short-term deposits is close to 20% (major currency value decline).

In other words, you lose 50% of your money's value to inflation and the banks give you 20% interest (at best) to make up for some of that loss. At the end of the year, you're still 30% in the red.

Now, the government has decided it wants to tax the capital gains(the interest that banks give you). It's not clear whether this is a law that needs enactment or something the government has decided it wants to do without parliament's vote. In either case, it has already caused a scare.

Unless the news gets denied by officials, expect major line-ups at banks for massive withdrawals of money. Also brace for gold and foreign currencies shooting through the roof.

One of the funniest comments I read online today:

بنظرم بهتره زودتر مذاکره کنید تا مذاکره شما رو نکرده
 
Likes: Zob Ahan
فارس- مجموعه وزارت امور اقتصادی و دارایی در راستای توسعه پایه‌های مالیاتی به دنبال اخذ مالیات از سود سپرده بانکی است و در پیش نویس اصلاح قانون مالیات‌های مستقیم گنجانده شد.

سازمان امور مالیاتی کشور و وزارت امور اقتصادی و دارایی در پیش نویس اصلاح قانون مالیات‌های مستقیم درصدد اخذ مالیات از سود سپرده بانکی و سود سهام بر آمدند.

در متن این پیش نویس پیش بینی شده که بتوان 20 تا 30 هزار میلیارد تومان مالیات اخذ کرد. متن تهیه شده در حال بررسی در وزارت امور اقتصادی و دارایی است و مشخص نیست در فرایند قانون‌گذاری چه تغییراتی بکند.
 
Feb 4, 2005
16,633
1,245
I.R is testing the waters for taxation of deposit interests.

This is a normal occurrence in advanced economies: The interest your receive on your deposits gets taxed either as income or at a standard rate.

It is however an unprecedented move in a country like Iran where inflation is officially at 50%(annually) and average interest paid on short-term deposits is close to 20% (major currency value decline).

In other words, you lose 50% of your money's value to inflation and the banks give you 20% interest (at best) to make up for some of that loss. At the end of the year, you're still 30% in the red.

Now, the government has decided it wants to tax the capital gains(the interest that banks give you). It's not clear whether this is a law that needs enactment or something the government has decided it wants to do without parliament's vote. In either case, it has already caused a scare.

Unless the news gets denied by officials, expect major line-ups at banks for massive withdrawals of money. Also brace for gold and foreign currencies shooting through the roof.

One of the funniest comments I read online today:

بنظرم بهتره زودتر مذاکره کنید تا مذاکره شما رو نکرده
IR has been dilly dallying with this for years. Every once in a while somebody wants to look smart and brings this up and then they test the waters online and then they go back to their holes. I don't think they will risk a bank run with this shit as most depositers are the elderly.
 
Likes: Bache Tehroon
May 21, 2003
19,847
146
Not The Eshaalic Goozpublic !
if you go by the stuff that get posted here then bitcoin would be now at $50k,
amazon at $5k a share and tesla at $1k a share.moreover,syria would be 'free'
after bashar went "on the verge" 6 years ago,the top moola in iran has had cancer
for 10 years,the moola regime is already been 'changed' 10x over,etc....
just read my posts and get the real picture not a comic strip version of reality.
then explain why your idiot ass keeps posting here
 
US dollar passing the 13,000 Toman mark and rising. Its true value in Rial is a lot higher though, so the artificially low-kept exchange rate means little. All goods are being traded at much higher rates than the official exchange rate. Services are still priced very low (very cheap labor). Poverty for the masses is no longer a fear, it's reality.

Printing money is all I.R can do and has been doing these days. Inflation has crippled the country and this is just the early stages of hyperinflation. The true pain of these times of insanity will be felt quite a few years from now. It's pretty much too late to brace for impact.
 
Likes: Zob Ahan

TeamMeli

Legionnaire
Feb 5, 2014
7,617
103
Las Vegas, NV
^^Ok that is a bit of an eyebrow raiser right there, I would have bet the house it was not that rate. @Zob Ahan
Good information, merci hamvatan and very interesting 1USD -16,220 Toman. That is rather of good news,
I was expecting much worse.
 
Old news. It'll happen in the next 5 years, but there may be a need to remove more than 4.

The monetary regime in Iran is viciously pushing people towards investing in stocks. Through artificial accounting and some clever manipulation of the books they have managed to convince millions of people that the Tehran Stock Exchange has a somewhat guaranteed return of 10%/week! This is after 3 years of virtually zero foreign investments(sanctions) and a complete halt of the economy due to COVID-19. It's incredible how many people are selling their jewlery, cars and in some cases even houses to get into the stock-trading game without the slightest idea about risk and diversification.

If you thought Wall Street was a ponzi scheme designed to benefit the big players get your popcorn ready for when the Tehran Stock Exchange burst comes. It'll be a bloodbath. In a way, this is the only way left to control the money-flow due to the insanely massive amount of money held by the general public in Iran. The official pump-and-dump policy is in full effect.
 
Likes: siavash_8
اونایی که به شاه میگفتن نیم پهلوی، امروز مجبور شدن ۳ تا صفر از جلوی امامشون بردارند.

In 1979, Iran's money was in the top 5 most valuable currencies in the world according to IMF. Today it is in the bottom 5.
Another great achievement by the Islamic Republic of thieves and murderers.


IMG_20200505_085347_574.jpg
 

siavash_8

Bench Warmer
Mar 26, 2006
2,884
3,135
IMG_20200506_201552_792.jpg

بیشتر از ۲۰ ساله که ارزش
یک درهم امارات برابر ۰.۲۷ دلار
یک ریال قطر برابر ۰.۲۷ دلار
یک ریال عربستان برابر ۰.۲۷ دلار
یک ریال عمان برابر ۲.۶ دلار هست و این عدد سالهاست ثابته
کاش حداقل از عرب‌ها یاد میگرفتیم


با حذف ۴ صفر، پول ملی زیبا و حسابرسی آسان می‌شود


حسن روحانی در جلسه هیات دولت: ما محاسبات را تسهیل کردیم، رقم را هم کوچک کردیم. می‌خواستم مردم در زندگی راحت باشند و در ذهنشان ۱۰ جور حساب نکنند. فکر نمیکنم از نظر رشد اقتصادی و تورم خیلی تاثیری داشته باشد