Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content
  • CRYPTO REWARDS!

    Full endorsement on this opportunity - but it's limited, so get in while you can!

Iranian Rial


VIZIOIRAQI
 Share

Recommended Posts

Glad to see you back Screwball......poker player was doing his best ....lol, to fill your shoes..and then Freedomwish  stumbling in Drunk as heck.....saying I LOVE YOU MAN....then we all tell we love him back ...yeah it's been fun....GO RV

  • Haha 1
  • Upvote 1
Link to comment
Share on other sites

1 hour ago, jaman said:

Glad to see you back Screwball......poker player was doing his best ....lol, to fill your shoes..and then Freedomwish  stumbling in Drunk as heck.....saying I LOVE YOU MAN....then we all tell we love him back ...yeah it's been fun....GO RV

 

Me, when this darn Rial and Dinar RVs' at our celebration Lmao :lol::drunk:

tenor.gif?itemid=5566605

 

  • Haha 2
  • Upvote 1
Link to comment
Share on other sites

TEHRAN, Aug. 12 (MNA) – Central Bank of Iran (CBI) on Saturday night issued a statement on the recent developments at the Foreign Exchange Market according to the government’s new currency package.

The statement is read as follows, “with the implementation of the government’s currency package, any transaction of foreign currency by importers, exporters and moneychangers has been authorized at the FOREX Market at the negotiable price, so that the Secondary Foreign Exchange Market, which is the wholesale market of currency for the provision of goods required in the country, has been established by the majority of currency activists in the country. In addition, the rate envisioned at the Secondary Market has been obtained without interference of the Central Bank of Iran (CBI), so that discovery of exchange rate will be continued at the Secondary FOREX Market naturally.

“People should be ensured that all demands for the provision of staples, basic commodities and drug will be met with the governmental exchange rate at 42,000 rials. According to the new currency package offered by the government, FOREX and exchange shops can embark on transacting currency within the framework of the directives issued by the Central Bank of Iran (CBI). In addition, the price of currency, obtained from total transactions conducted at the FOREX shops, can be visited on the following website: http:///www.sanarate.ir.

“On the other hand, Central Bank of Iran (CBI) announces that a part of currency demand is related to the natural needs of people for maintaining value of asset.”

MA/IRN82998155

  • Upvote 1
Link to comment
Share on other sites

On ‎8‎/‎15‎/‎2018 at 11:12 PM, markb57 said:

just an fyi.....PP is female

 

 

Thxs mark57. Can't believe after all this time here on DV some still don't realise that.  :)  Generally every mistake was good natured like jamans that caused several chuckles, other than one creepy poster that wanted pics {{{ shudder }}}

 

Wish one of these darn currency's would do something, I want off this ride !!

 

   pp

  • Thanks 1
  • Upvote 2
Link to comment
Share on other sites

Iran's central bank has adopted several monetary policy measures

09:35 - 18/08/2018
0



%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9

Information / Baghdad ..
Iran's central bank governor Abdel Nasser Hamati announced on Saturday the adoption of several monetary policy measures in the country.
"The strengthening of the value of the national currency affected and guidance and management of foreign currency exchange market and control the size of cash and inflation and reform of the monetary structure and the imbalance of banks and to combat the ban on banking transactions, and holding ongoing talks with the States concerned in this regard, A large part of the measures being implemented or to be implemented in the future. "
Chinese Foreign Minister Wang Yi said in a previous statement that his country attaches importance to the existing relations with Iran and that Beijing is determined in the light of current international developments to upgrade its relations with Tehran. Ending / 25

 

  • Thanks 1
  • Upvote 1
Link to comment
Share on other sites

Iranian Parliament to impeach minister of economy

TEHRAN, Aug. 19 (MNA) – In Sunday’s open session of the Parliament, the letter signed by 33 MPs requesting for impeachment of Minister of Economy was delivered to the presiding board.

According to the Article 225 of the Parliament regulations, Minister of Economy Masoud Karbasian, is duty bound to attend the Parliament within 10 days in order to respond to the questions raised by the legislators.

In a letter to President Rouhani on August 01, 193 members of the Parliament demanded introduction of ‘maximum resuffles’ in the administration’s cabinet. A week later, the Parliament impeached Minister of Labor, Cooperatives and Social Welfare Ali Rabiei. The administration had also earlier appointed Abdolnaser Hemmati as the new governor of Central Bank of Iran (CBI).

The economic status of Iran, especially rial depreciation is regarded as the main reason behind minister of economy’s impeachment. Karbasian assumed office on August 20, 2017 in the second term of Hassan Rouhani’s presidency.

MAH/4378733

  • Thanks 2
  • Upvote 1
Link to comment
Share on other sites

group of US lawmakers have urged the US Treasury Department to cut off Iran from the Society for Worldwide Interbank Financial Telecommunication (SWIFT).

Speaking to Radio Sputnik, Christopher Bovis, professor of international business law at the University of Hull in England, has commented on the potential consequences of the proposal. The full text of the interview follows:

SPUTNIK: What is your take on the proposition put forward by the US senators on this one?

CHRISTOPHER BOVIS: They maximized pressure. They maximized diplomatic pressure. They maximized legislative pressure on the United States administration to exercise the aftermath of President [Donald] Trump’s decision to revoke the deal that the previous administration signed vis-à-vis Iran’s international obligations. And they also created this artificial economic war vis-à-vis the European Union in order to achieve their diplomatic results.

Do you think it’s likely that it will be implemented because it is rather archaic?

Most likely it will be implemented. The administration and President Trump insisted that they would see the withdrawal from the pact to the end and therefore they used every possible financial, diplomacy route, including this one, which is based on the utilities of the financial transactions of banks in order to achieve their objectives.

How can this development further strain relations between Iran and the US? It’s only going to deteriorate things even worse, isn’t it?

Absolutely, it will deteriorate things for the worse. Or it could also deteriorate the relationship between the countries of the European Union and the United States administration. It’s a full-blown economic war that will take on not only the sanctions, diplomatic or economic sanctions but it will move into financial hostilities between the two continents.

According to reports, Germany has been developing an alternative to the SWIFT payment system. Is it likely that this could be used by Iran to avoid US restrictions? Is there a way around restrictions using this potential new system?

Of course, that is widely reported and this is what is happening at the moment. The European Commission has been developing a system, a parallel system to SWIFT, which will allow Iran to interface with European financial systems, European clearing systems, using the nominations supported and created by the European Investment Bank based on the euro.

In addition to that, there is a big opportunity to use that double, that parallel financial system in order to create a competitive advantage for Europe, for the European Union vis-à-vis other parts of the world for enhancing clearance and enhancing financial transactions alongside with the previous deals we have happening via SWIFT.

Despite anti-Iran sanctions, many European companies have been seeking alternative routes to doing business with Iran. What consequences can this have on the bloc’s ties with Washington? You’ve alluded to this already but it just seems that there are many companies throughout the European Union and the world that want to continue trading with Iran. What consequences will this actually lead to?

It will be a full-blown economic and financial war between the two continents and it will come to a point that some actions, some activities that are already happening need to be renegotiated through other international treaties or through the World Trade Organization or through the United Nations.

At the moment, we are heading for a collision course between the two continents, between the two economic systems. And the utilization of the financial regulatory environment, including SWIFT, including payment and clearing system it’s used in order to promote the economic and diplomacy goals of the United States. And Europe, the European Union is responding quite successfully, quite adequately on every threat that has been posed by the United States.

  • Thanks 2
Link to comment
Share on other sites

Lawmakers were apparently not convinced with President Hassan Rouhani's answers Tuesday to their questions on the deteriorating economic conditions. The parliament had invited the president to learn more about his administration's handling of the economy  following a new round of US sanctions.

It was the first time Rouhani had been called by the MPs in his five years in office. Lawmakers, especially his political opponents, demanded answers to a wide range of key issues, namely rampant smuggling, US banking sanctions, rising unemployment, weak economic growth and the unprecedented tanking of the rial, which has lost more than half its value since April. 

  • Thanks 1
  • Upvote 1
Link to comment
Share on other sites

Europe after fiscal mechanisms to sidestep US sanctions

TEHRAN, Aug. 29 (MNA) – French Finance Minister Bruno Le Maire said that France and Germany are cooperating to create financing mechanisms in order to bolster Europe’s sovereignty and sidestep US sanctions against a host of countries, including Iran.

"With Germany, we are determined to work on an independent European or Franco-German financing tool which would allow us to avoid being the collateral victims of US extraterritorial sanctions," Le Maire said during a meeting with the press association AJEF.

"If we want to build a truly independent instrument, we must open up all the options," Le Maire stressed, referring to French and German governments holding talks on the matter with their central banks.

The statement came a day after German Foreign Minister Heiko Maas urged Europe to respond to the US's "random and non-specific sanctions" against Russia, China, Turkey and other "important" trading partners of the EU.

He admitted that strengthening "the autonomy and sovereignty of Europe in trade, economic and financial policies" will be a tricky task, but added that "we have already begun to do it."

"We are working on proposals pertaining to […] payment channels and creating a payment system independent of SWIFT to establish a European currency fund,” Maas underlined, Sputnik reported.

Earlier, he pointed out in an article published by the German business newspaper Handelsblatt that if Europe wants to save the Iran nuclear agreement, it should review its partnership with the US and create an EU payment system to serve as a "counterweight" to the US, whenever Washington "crosses red lines."

His remarks came after the EU pledged to counter renewed US sanctions on Tehran to save the Joint Comprehensive Plan of Action (JCPOA), which was abandoned by Washington in early May.

SPUTNIK/MNA

  • Upvote 1
Link to comment
Share on other sites

Hot of the press

 

Iran's parliament just voted to censure President Rouhani.

Also this little gem, "Rouhani has bowed to pressure and fired the head of the central bank. A deputy central bank governor was arrested by the judiciary on corruption charges in a crackdown that also saw foreign exchange dealers rounded up"

  • Thanks 3
  • Upvote 1
Link to comment
Share on other sites

5 hours ago, screwball said:

Hot of the press

 

Iran's parliament just voted to censure President Rouhani.

Also this little gem, "Rouhani has bowed to pressure and fired the head of the central bank. A deputy central bank governor was arrested by the judiciary on corruption charges in a crackdown that also saw foreign exchange dealers rounded up"

 

Great news!

  • Upvote 1
Link to comment
Share on other sites

Iranian rial hits record low at 128,000 to the dollar- Bonbast website

by Reuters
Monday, 3 September 2018 12:43 GMT

(Adds background)

Sept 3 (Reuters) - The Iranian rial hit a record low against the U.S. dollar on the unofficial market on Monday amid a deterioration in the economic situation and the reimposition of sanctions by the United States.

The dollar was being offered for as much as 128,000 rials, according to foreign exchange website Bonbast.com, which tracks the unofficial market.

The currency has been volatile for months because of a weak economy, financial difficulties at local banks and heavy demand for dollars among Iranians who fear the pullout of Washington from a landmark 2015 nuclear deal and renewed U.S. sanctions could shrink Iran's exports of oil and other goods.

A set of U.S. sanctions targeting Iran's oil industry is due to take effect in November.

Last week, Iran's parliament sacked the minister of economic affairs and finance, the latest in a continuing shakeup of top economic personnel. In early August Iranian lawmakers voted out the minister of labour and in July President Hassan Rouhani replaced the head of the central bank.

Protests linked to the tough economic situation in Iran erupted last December, spreading to more than 80 cities and towns and resulting in 25 deaths.

Sporadic protests, led by truck drivers, farmers and merchants in Tehran's bazaar, have continued since then and have occasionally resulted in violent confrontations with security forces.

(Reporting By Babak Dehghanpisheh; Editing by Toby Chopra and Gareth Jones)

http://news.trust.org/item/20180903122646-a680o

  • Upvote 1
Link to comment
Share on other sites

13 hours ago, WheresmyRV? said:

I heard from someone in early November that Iran is going to delete their zero's.  I wonder if that's going to be off their currency.:confused:

 

Time will tell, all that I know and all that I have read which is a lot when it comes to Iran it will be from their exchange rate. I could repost articles from old, but Iraq and Iran are similar beasts. November is a possibility but then again they could realistically do it anytime 

  • Thanks 2
Link to comment
Share on other sites

If you read trumps tweets and press releases, Iran sanctions are all about the nuclear weapons but it’s also about them funding terrorist groups, trump has stated they need to join the worlds monetray system, which means being FATF/AML compliant, which means all banking transactions will be traceable and traceable, hence the reasons why Iran passed laws and amendements. I think you will find that November is also the time that they are up for review regarding AML/FATF compliance. 

  • Thanks 1
  • Upvote 2
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.