millionaire in training

GOOD ONE Martini Mixing instead . I agree.......

Very Interesting.......

Hi Scewball, Just wanted to let you know that I am reading everything you post. I really do appreciate all the trouble you go through to bring us all these articles . You do an amazing job. Thank You. I strongly believe that this will happen and that we are all going to do very well for ourselves . I'm focusing on the facts and not all the noise. Remember It's in Iran's best interest. We're all just riding on their coat tails.

funny

Hi TC ... I think about you and your son often and wonder how you both are doing. You are both still in my prayers. God bless and happy new year. MIT

haaaa Im an immigrant and maybe soon to be an expat. So what category does that put me in?

So sorry to hear this . I will keep Paster Robert and Tim in my prayers. God is mighty anything is possible . Lets keep the faith.

Hi everyone I thought you could all use a good laugh while we wait for our RV.

A Woman's Week at the Gym A WOMAN'S WEEK AT THE GYM This is dedicated to everyone who ever attempted to get into a regular workout routine. Dear Diary, For my birthday this year, My husband purchased a week of personal training for me at the local health club. Although I am still in great shape since being a high school football cheerleader 43 years ago, I decided it would be a good idea to go ahead and give it a try. I called the club and made my reservations with a personal trainer named Christo, who identified himself as a 26-year-old aerobics instructor and model for athletic clothing and swim wear. Friends seemed pleased with my enthusiasm to get started! The club encouraged me to keep a diary to chart my progress. .... MONDAY: Started my day at 6:00 a.m. Tough to get out of bed, but found it was well worth it when I arrived at the health club to find Christo waiting for me. He is something of a Greek god-- with blond hair, dancing eyes, and a dazzling white smile. Woo Hoo!! Christo gave me a tour and showed me the machines.. I enjoyed watching the skillful way in which he conducted his aerobics class after my workout today. Very inspiring! Christo was encouraging as I did my sit-ups, although my gut was already aching from holding it in the whole time he was around. This is going to be a FANTASTIC week!! ________________________________ TUESDAY: I drank a whole pot of coffee, but I finally made it out the door. Christo made me lie on my back and push a heavy iron bar into the air then he put weights on it! My legs were a little wobbly on the treadmill, but I made the full mile. His rewarding smile made it all worthwhile. I feel GREAT! It's a whole new life for me. _______________________________ WEDNESDAY: The only way I can brush my teeth is by laying the toothbrush on the counter and moving my mouth back and forth over it. I believe I have a hernia in both pectorals.. Driving was OK as long as I didn't try to steer or stop. I parked on top of a GEO in the club parking lot. Christo was impatient with me, insisting that my screams bothered other club members.. His voice is a little too perky for that early in the morning and when he scolds, he gets this nasally whine that is VERY annoying. My chest hurt when I got on the treadmill, so Christo put me on the stair monster. Why the heck would anyone invent a machine to simulate an activity rendered obsolete by elevators? Christo told me it would help me get in shape and enjoy life. He said some other c*** too. _______________________________ THURSDAY: B***h***was waiting for me with his vampire-like teeth exposed as his thin, cruel lips were pulled back in a full snarl. I couldn't help being a half an hour late-- it took me that long to tie my shoes. He took me to work out with dumbbells. When he was not looking, I ran and hid in the restroom. He sent some skinny witch to find me. Then, as punishment, he put me on the rowing machine-- which I sank. _________________________________ FRIDAY: I hate that demon Christo more than any human being has ever hated any other human being in the history of the world. Stupid, skinny, anemic, anorexic, little aerobic instructor. If there was a part of my body I could move without unbearable pain, I would beat him with it. Christo wanted me to work on my triceps I don't have any triceps! And if you don't want dents in the floor, don't hand me the stupid barbells or anything that weighs more than a sandwich. The treadmill flung me off and I landed on a health and nutrition teacher. Why couldn't it have been someone softer, like the drama coach or the choir director? SATURDAY: Satan left a message on my answering machine in his grating, shrilly voice wondering why I did not show up today. Just hearing his voice made me want to smash the machine with my planner; however, I lacked the strength to even use the TV remote and ended up catching eleven straight hours of the Weather Channel... ________________________________ SUNDAY: I'm having the Church van pick me up for services today so I can go and thank GOD that this week is over. I will also pray that next year my husband will choose a gift for me that is fun-- like a root canal or a hysterectomy. I still say if God had wanted me to bend over, he would have sprinkled the floor with diamonds!!!

Yea .... SB I like this article......too bad it's not current (2013). But I believe that it will be in the end. It's the best outcome for Iran.

Thanks Kevin......Good video The thing here is that if your partner is really paying attention to you he will know what it is you like and want. Also ladies we need to drop hints from time to time and let them know what it is that "we want" as well.... Making it easier for them.

Davis you're so funny.......

Thats a long time. Me since 2004. Feels like a lifetime ago. But I know this is gonna happen for us all. So I've waited patiently . One day we will all be "SURPRISED"

Hi Mark. I understand how you're feeling but keep in mind how complicated it is for countries to try and re-establish themselves from the way things used to be for them. Im seeing things more clearer now than ever for both Iraq and Iran. It's been a very complicated process for them both but I can see we're coming to the end of this sooner than most people expect. Iraq is in process as we speak and Iran can't be left behind so just sit back and keep reading the articles with out worrying even if there are conflicting .....it's part of their plan. Remember they will never let you know whats really happening. Or ....even when it's actually gonna happen. "having too many evil thoughts about these 2 countries" DON'T These two counties currencies are about to change your life . Think about that instead. Always feel free to vent.......thats what we're here for.......each other. MIT

So this was my concern. Now we wait and see.

Skip to main content Search form Search Time THURSDAY December, 08 2016 Social Menu Home About Us Contact Us Archive RSS linkedin Twitter Facebook INTERNATIONAL NATIONAL ENERGY ECONOMY WORLD ECONOMY PEOPLE ART & CULTURE ADVANCED SEARCH CBI’s governor stopped short of calling the measure a revaluation proper. (Graphic Design: Vahid Sabet) Economy Business And Markets Thursday, December 08, 2016 Gov’t OKs “Toman” as Iran's Currency Unit Valiollah Seif however took to the instant messaging telegram app later in the day, announcing that the plan should not be considered as currency revaluation proper, “It is set to help ease money transactions for the public.” Sepehr Arefmanesh . . . Finance Desk The government has approved changing Iran’s monetary unit from rial to toman, which will lop off one zero from the current national currency rial. The decision was made when ratifying the Central Bank of Iran's bill during the Cabinet meeting on Wednesday, which was presided by President Hassan Rouhani, the government’s news website Dolat.ir reported. While rial has been used as Iran's monetary unit in official documents and budget statements, toman was being used more commonly in daily transactions by citizens. The government will send the bill to the parliament for final approval. Prices of goods are mostly marked in rials, 10 of which equal one toman. The government and Central Bank of Iran aim to ease financial operations as the duality of monetary units has been causing confusion among people. The move would also reduce the cost of money printing and maintenance. Toman has been used as Iran’s currency for a long time. Between 1798 and 1825, the toman was subdivided into 8 rials, each worth 1,250 dinars, according to Wikipedia. In 1825, the qiran was introduced, worth 1,000 dinars or one-tenth of a toman. In 1932, the rial replaced the toman. Plans for changing the national currency unit was first considered by the previous administration. The Central Bank of Iran even asked the public to suggest names for a new currency unit during the previous administration. Advantages The plan will result in dropping a zero from the national currency, whereas there has been much talk about removing three or four zeros from the rial in the past few months. Revaluation of the national currency could help boost its efficiency and ease daily transactions, according to experts. Last month, Economy Minister Ali Tayyebnia said the time was not ripe for revaluating the national currency, as it requires more stability in the economy. However, he favored the idea in general, saying that it was necessary. In the absence of any perceptible sign of government intention in this regard, the sudden announcement on Wednesday came as a surprise. However, the implementation of the plan could prove a costly and time-consuming one, if the government decides to replace the current banknotes with new ones. Experts have pointed out that the government is better off removing three or four zeros from the national currency, considering the probable cost of a revaluation plan in future. Pouya Jebel Ameli, an analyst with CBI, thinks that the issue should have been reviewed more closely, before the Cabinet passed it. “Stability in the rate of inflation is a prerequisite for implementing currency reforms,” he said. “New banknotes must be printed, if the parliament approves the plan,” he added, stressing that more zeros need to be dropped. Valiollah Seif however took to the instant messaging telegram app later in the day, announcing that the plan should not be considered as currency revaluation proper, “It is set to help ease money transactions for the public.” “Currency revaluation has been fully studied by the Monetary and Banking Institute,” he said, “We have identified all the prerequisites needed for implementing reforms in the national currency, stable single-digit inflation being one of them.” Asset Management Toman was not the only issue discussed by the Cabinet on Wednesday. It also allowed CBI to import and export gold tax-free and without the government's permission. The proposal, also included in the Central Bank Bill, aims to help CBI manage its assets. The bill has been crafted to upgrade and modernize banking regulations. Improving the independence of CBI, enhancing monetary policymaking and CBI’s supervision over the money market are among its key goals. The Central Bank Bill is set to improve the regulator's independence in various aspects. The bill is expected to be delivered to the parliament along with the Banking Reform Bill that aims for a comprehensive reform in the banking sector by making it more compatible with international standards and Islamic finance principles.

It does look like new notes will be coming out .....they just don't know when.

Home Iran Economy Iran is preparing to switch its national currency from the rial to the toman - a move that could boost the value of the country’s national currency against the US dollar. Iran is gearing to switch its national currency back to the toman – a move that would end the rein of the rial after around 90 years and also could boost the value of the country’s national currency against the US dollar. The administration of President Hassan Rouhani in a cabinet meeting on Wednesday approved the switch, as reported by the domestic media. The plan still needs to be approved by the Parliament and later the Guardian Council that checks the laws against the Constitution and the Sharia law of Islam. Nevertheless, speculations over the impacts of the move are already emerging. Valiollah Seif, the governor of the Central Bank of Iran (CBI) who reportedly proposed the switch, was quoted by the media as saying that the move is meant to facilitate the transactions by the public. Seif emphasized that the rial had been literally removed from transactions in Iran for long in what he said was a result of rising inflation over the past decades. “Switching the national currency from the rial to the toman is a measure which is meant to facilitate transactions by the public, to acknowledge what the people generally accept in their current trend of trade and to match the economics of the society with the realities,” he was quoted by IRNA as saying. One toman would be worth 10 rials and switching to the toman means that a zero would be removed from price figures. This, Seif said, was a plan that had been on the agenda of Iran’s banking sector and it would not have any impacts on the country’s inflation rate. The Iranian currency was known as the toman until the 1930s, when the name was changed to the rial at a rate of 10 rials to a toman. Nevertheless, the Iranians continued to use the old terminology even after the change and the rial only remain in the official language. It is still not clear when new coins and bank notes will be made available after the go-ahead is giving for the currency switch. Mohammad-Reza Ranjbar Fallah, a Tehran-based economist and a university lecturer, was quoted by the media as saying that Iran needs to drop several zeros from its national currency instead of one. Also, MP Hassan Hosseini Shahroudi, who is a member of the presiding board of the Parliament’s Economic Commission, emphasized that the plan to switch to the toman would deliver a short-term shock to the currency market in Iran, adding that everything would be back to normal later on. Gholam-Reza Mesbahi Moqaddam, a member of Iran’s Expediency Council and a former MP, praised the policy, and said it would create a unity between the spoken and formal use of the national currency. Amir Nojoomi, the secretary of Iran’s High Council of Exchange Shops, was quoted by the domestic media as saying that switching to the toman will increase the value of Iran’s national currency against the US dollar 10 folds. “President Rouhani’s move is like what Turkey’s President Recept Tayyip Erdogan did,” Nojoomi said. “When he took office, he [Erdogan] ordered to strike six zeros from Turkey’s national currency. Accordingly, the people had one lira in banks for every six million liras.” The official exchange rate of the US dollar in Iran - which is determined by the CBI - is 32,150 rials and its unofficial rate - the street rate - is above 37,000 rials.

So the fact that it is now gonna be called (re-named) The Toman. Will this be affecting the actual physical currency at all ? Are we gonna be ok with the currency that we are holding at this moment . Nothings changed other than just the name? Or ......are they gonna print new currency ?

Didn't you post articles a while back that lead us to believe that they had no intentions of a lop ? I remember something to that.

Yes....

Very possible.

Maybe the lower denons are already in the machine and they're just not telling us yet.

Possibly start out at $1.17 and go up from there.

Also .....let me add to this by saying that it will also allow you to understand future investments because you will be surrounded by investors like yourself and opportunities if you wish to go forward with them. "Like Minded People" my kind of crowd! Something to think about.......