THis extreme swing is really orchesterated, dont' be fooled.. it's also not because IR is weak, it's so because they know how to manipulate; they could school Trump or fed reserve as how to get twice the value for every dollar.. amazing.
I was thinking two scenarios;
1- putting max economic pressure so ppl shut up and chase for the next peice of bread
2- their suggesting setting dollar at 4200, which has given themselves a raise of 12% (compare to 3750) at the expense of our hamvatans. not to mention letting the market to be in the 4500 -6000 range for almost 3+ months)
other scenario is to set it at 70000 rial, remove a zero and say we're back at MR Pahlavi's 7 toman dollar. )
https://www.radiofarda.com/a/f4_jahangiri_declare_one_price_dollar/29155013.html
US is in it with UK/IR.. dont' be fooled, come June 10th I think they kiss and make up. (incl. IR conceding a little or a lot). Europe needs Iran's contracts. Losing Iraq was a huge blow to them when Saddam was removed.
I was thinking two scenarios;
1- putting max economic pressure so ppl shut up and chase for the next peice of bread
2- their suggesting setting dollar at 4200, which has given themselves a raise of 12% (compare to 3750) at the expense of our hamvatans. not to mention letting the market to be in the 4500 -6000 range for almost 3+ months)
other scenario is to set it at 70000 rial, remove a zero and say we're back at MR Pahlavi's 7 toman dollar. )
https://www.radiofarda.com/a/f4_jahangiri_declare_one_price_dollar/29155013.html
US is in it with UK/IR.. dont' be fooled, come June 10th I think they kiss and make up. (incl. IR conceding a little or a lot). Europe needs Iran's contracts. Losing Iraq was a huge blow to them when Saddam was removed.
It doesn't need to have PhD in economics to figure out that a country that depends on import in every aspect, dollar fluctuation will have immense effect on the inflation.
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