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Iranian Rial


VIZIOIRAQI
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"Most of the citizens of the Gulf Cooperation Council (GCC) are working in the public sector, and this pattern has to be changed during the next five years. "Despite the fall in oil prices, the IMF predicted an improvement in the growth of the Iranian economy up to 4 percent in the" medium term ". The fund attributed to an increase in trade and investments with ease sanctions International from Iran after the signing of the nuclear deal with the six powers.

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They did and they said well it's not against the new agreement so they let it go with no recourse. This Evil was meant to take place for prophecy to run it's course!

Ahhhh, crud. Nice contract. Do what every you want, lets be friends. Dont forget to step on us on the way out. Kaboooooooooooooooom. 

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      Exchange rates in Kurdistan Markets

 

The price of 100 dollars on Monday in Kurdistan region currency markets is 122.250 thousand dinars.

 

Shwan Hadi, one of Sulaimaniyah's currency exchange dealers for PUKmedia: "the price of 100 dollars Monday, 26th October 2015, in Sulaymaniyah markets reached 122.250 thousand dinars price 100 Euro reached 137.750 thousand dinars, price 100 Pound reached 185.500 thousand dinars, price 100 Iranian To'man reached 35.250 dinars and price 100 TL amounted to 42 thousand dinars.

 

 

 

 

http://pukmedia.com/EN/EN_Direje.aspx?Jimare=36639

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Brother Vizio: Regarding rial info and purchasing, have you had a chance to read the "insights" and "blog" sections for iranian rial on the currency liquidator site? Also, I need instruction on how to contact you through DV or you call my cell number.

Southbeach yes I have seen & read the currency liquidator site info I have purchased my Iranian Rial from a dealer whom bought 95% of all the most current legal rial pre Sanctions all the currency is 2010 and is proven to have already been in the USA before sanctions took hold and this dealer bought all his Rial from the banks in the USA he could put his hands on!

 

Adoption Day for the Nuclear Deal was Oct 18th , that Sunday Obama approved it and the following day the Iranian Leader approved it . Now Following the JCPOA required measures Iranians are showing to be met the Implementation of the U.S. & E.U. sanctions will be lifted in the said to be date of as soon as Dec 15th , but was thought to have been around the first quarter of 2016. Iran has been really busy meeting there requirements as early as possible with that said most of the inspections have already taken place!

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Well now....look what I stumbled upon:

 

http://banking.einnews.com/article/293585246/koMONhduF_8VZDYu

 

http://banking.einnews.com/article/293597104/9HvdaSPjerP332x1

 

Anything could happen in the coming days indeed?!  :ph34r:

Good Find Thanks

Too bad we don't know where to buy

Hint Hint Google Iranian Rial the first thing you see that says buy rial thats not on Ebay !

Enjoy!

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Why not buy them on ebay??? Do they have to be the 50k or 100k notes or any size note is good?

It's a country under sanctions no currency in our out of the country transactions are legal , so if you can't prove the  currency is before sanctions and already in the good old us of a before sanctions were in place you won't be able to cash the money in !

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So the aforementioned rial dealer was better funded than Currency Liquidator to buy pre 2010 rial?  I don't think so.  I called that aforementioned dealer a few weeks ago and spoke to him directly.  He was totally insane, yelling at the top of his lungs for a few minutes until I hung up on him.  Bottom line is it's illegal to buy rial, pre 2010 or not, until our treasury says it is legal, and, I will choose to believe Currency Liquidator any day of the week over the person you have been endorsing.

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So the aforementioned rial dealer was better funded than Currency Liquidator to buy pre 2010 rial?  I don't think so.  I called that aforementioned dealer a few weeks ago and spoke to him directly.  He was totally insane, yelling at the top of his lungs for a few minutes until I hung up on him.  Bottom line is it's illegal to buy rial, pre 2010 or not, until our treasury says it is legal, and, I will choose to believe Currency Liquidator any day of the week over the person you have been endorsing.

This thread is not about endorsing anyone & it's only for people whom have an interest in investing in situations like this with there Opinions or knowledge they can share on it!  I personally have invested in this & I personally know dozens of people who have done the same . We all know there is a risk with a possible great reward.

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Brother Vizio. I am not being antagonistic. Please know that. I'm merely saying that I trust a larger company like CL moreso than that absolutely crazy guy I literally spoke to (your seller). I merely questioned him about his rial based on what you recommended and he went biserk for 3 long minutes. Then I found CL, and their site explains why everyone selling on the internet (currently), is selling it illegally, until the date US it is legal to do so. CL will alert those signed up via email when sanctions are removed. They will then sell the rial. Thanks

Edited by southbeach
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Brother Vizio. I am not being antagonistic. Please know that. I'm merely saying that I trust a larger company like CL moreso than that absolutely crazy guy I literally spoke to (your seller). I merely questioned him about his rial based on what you recommended and he went biserk for 3 long minutes. Then I found CL, and their site explains why everyone selling on the internet (currently), is selling it illegally, until the date US it is legal to do so. CL will alert those signed up via email when sanctions are removed. They will then sell the rial. Thanks

The Company I purchase from you haven't talked with no one that will answer the phone will yell or act crazy in any way and the man that owns the company well just just say he's so calm and talks slow it would be really hard to get him that way even if he tried to lol.

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I've invested in the rial.  As far as I know and are concerned I purchased them all legally and openly.  Personally, as long as I purchased them legally I could not give a rat's left butt cheek about sanctions.  I figure our government is going to kiss up and play nice nice to Iran.  If I am going to be sold out by our government I plan to at least make a buck on the deal.  

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2013 Article future look at what will happen now also ! Iran's rial jumps as nuclear deal fuels economy hopes
Note Iranian Rial Dopplar Radar Update currently as of Nov 6th 2015 - 29,925.00000
A man counts stacks of Iranian rials at a currency exchange shop in Kerbala , 110 km (70 miles) south of Baghdad January 23, 2013.
Reuters/Mushtaq Muhammed
 

DUBAIIran's currency jumped more than 3 percent against the U.S. dollar on Sunday as news of a breakthrough deal to curb Tehran's nuclear program raised hopes that the economy would start recovering from international sanctions.

The deal provides for Iran to receive temporary, conditional access to several billion dollars of blocked funds over the next six months as diplomats try to negotiate a final agreement.

By itself, this will not come close to offsetting the tens of billions of dollars which Iran has lost over the past two years as the sanctions have slashed its oil sales and largely frozen it out of the global banking system.

But by reducing the chance of military action against Iran and raising the prospect of more sanctions relief in future, the Geneva pact may stem capital flight from the country and encourage a partial revival of domestic investment.

This could be enough to pull the economy out of the recession which has gripped it for most of the past two years, while encouraging Iranian and foreign businessmen to begin rebuilding trade ties.

"We are feeling the positive sentiment in Iran," Nariman Aflani, a foreign exchange trader at AFI Group, an Iranian civil engineering firm in Tehran, said by telephone.

Prices of construction materials such as ceramics and cement in Iran are already coming down because people hope a gradual loosening of sanctions will make it easier for the country to obtain supplies from abroad, he said.

BLOCKED BILLIONS

Under Sunday's deal in Geneva, Iran will receive potential access to $1.5 billion in revenue from trade in gold and precious metals, and permission to transfer $4.2 billion of revenue from its oil sales across borders.

In total, the concessions are worth about $7 billion - a small sum compared to the continued cost of the sanctions, which will deprive Iran of about $30 billion of oil revenues over the next six months, the U.S. government said.

But this comparison underestimates the importance of the Geneva deal to the economy of 75 million people, as the Iranian rial's jump against the dollar on Sunday underlined.

The rial traded at around 29,000 against the dollar in Tehran's free market, up from about 30,000 before the nuclear deal was announced, Iranian traders said. Heavy supplies of dollars appeared as speculators anticipated capital flight from Iran would slow with the easing of diplomatic tensions.

At some times on Sunday, nobody in the market was willing to buy dollars, traders said - a dramatic contrast from last year, when the rial lost about a third of its value in a few months.

A firmer outlook for Iran's currency could help to revive its foreign trade in a range of agricultural and consumer goods other than oil, by reducing the foreign exchange risks which have deterred many traders over the past two years.

Also, foreign and Iranian businessmen may become more willing to do deals - even under the existing sanctions framework - if they feel that political trends have shifted in their favor, and that they will not face even harsher sanctions or enforcement from Western governments in the future.

"Up to now, the trend has been towards more restrictions on trade," said Hossein Asrar Haghighi, a founder of the Iranian Business Council in Dubai, which is a major conduit for Iran's trade with the rest of the world.

"What we can say now is that the restrictions are not going to increase still more. And if people do not expect them to increase, they will gradually look at ways to develop business under the current situation."

Dubai's non-oil trade with Iran has shrunk by over a third in the past 18 months, totaling $2.9 billion in the first half of 2013, according to Dubai customs data.

Iranian-born economist Mehrdad Emadi, of the Betamatrix consultancy in London, said Western oil firms and other companies had been contacting Iranian officials and businessmen for months to discuss how trade and investment ties might eventually be restored. Such contacts look set to accelerate in the wake of the Geneva deal.

"Companies have to be careful how they deal with Iran, because they need to maintain an operational relationship with their governments at home. Now they will feel more free to act."

POLICY

The Geneva deal may not launch any extended period of appreciation for Iran's rial, since government officials have indicated excessive currency strength could hurt exports and complicate state finances. Aflani predicted authorities would intervene in the market if needed to prevent the rate from moving too far from 29,500.

But by restraining import costs, a firmer long-term outlook for the currency would help the government deal with one of its biggest economic and political headaches, an inflation rate running at about 40 percent.

And even a modest improvement in economic conditions due to the Geneva deal could give President Hassan Rouhani and his new central bank governor, Valiollah Seif, enough political capital to press ahead with difficult reforms of the economy.

The government of Rouhani's predecessor, President Mahmoud Ahmadinejad, was widely criticized in parliament and the private sector for erratic economic management. Ahmadinejad's critics blamed high inflation partly on wasteful state spending and a failure by the central bank, under political pressure from the government, to keep money supply growth under control.

After taking office in August this year, Rouhani promised to improve economic management and appointed Seif, who said the central bank would be given more independence to focus on controlling inflation and the money supply.

Officials have said in recent weeks that reforms may include tighter monetary policy and cuts in cash subsidies given to rich families - politically sensitive steps that would be easier if Rouhani could point to economic gains during his tenure.

"Because of the entrenched interests, reforming and rationalizing economic policy will be very hard," Emadi said. "It could take five years."

 

 

 

http://www.reuters.com/article/2013/11/24/us-iran-nuclear-economy-idUSBRE9AN0AN20131124#3yVBFZ7JYhcoP6ZV.97

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More scoop!! 

 

France says U.S. must give EU firms guarantees on Iran sanctions

The United States must deliver concrete guarantees that European firms will not be penalized for trading with Iran should sanctions on Tehran be re-imposed, France’s foreign minister said on Tuesday.

The lifting of sanctions imposed on Iran by the West could begin in the first quarter of 2016 if Iran meets its obligations under a deal struck with major powers in July which is designed to stop it acquiring nuclear weapons.

Western firms have sought to renew commercial ties with Tehran in light of the deal, but last month Washington cautioned against rushing to invest in Iran until it fully complies.

French firms, once very active in Iran, were among those to have faced heavy penalties for violating sanctions.

“The attitude of the Americans is cooperative, but now we want that to be turned into something concrete so that the same thing doesn’t happen again,” Fabius told lawmakers ahead of next week’s visit by Iranian President Hassan Rouhani to France.

BNP Paribas was fined almost $9 billion in 2014 for transactions violating U.S. embargoes. This week, Deutsche Bank paid a $258 million penalty to settle charges that it did business on behalf of entities in U.S.-sanctioned countries like Iran and Syria.

Fabius said that since the nuclear talks, two missions with French, British and German representatives had visited the United States to discuss the issue.

The minister said his visit to Iran and that of a delegation of French business lobby group Medef had aimed to nurture ties and prospective contracts, but for those to move ahead companies would need financing from French banks.

Immediately after the nuclear deal U.S. Secretary of State John Kerry had pledged that the U.S. authorities would ensure European firms would not be subject to penalties once sanctions had lifted.

But diplomats and executives say firms also want guarantees from the United States that they would be safe if sanctions were re-imposed. Without such assurances, businesses would remain prudent before committing themselves, they said.

Iran is counting on an end to sanctions to boost its battered economy, particularly its oil and gas sector that has suffered heavily.
By Reuters

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Currency Converter Historical Exchange Rates Live Exchange Rates International Money Transfer print
Currency I Have: Currency I Want:
 
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USD/IRR Details

USD/IRR for the 24-hour period ending Tuesday, Nov 10, 2015 22:00 UTC @ +/- 0%

Selling 1.00000 USD   you get 29,920.0 IRR Buying 1.00000 USD   you pay 29,970.0 IRR
Rate Details

USD/IRR for the 24-hour period ending

Tuesday, Nov 10, 2015 22:00 UTC

   

Bid

Sell 1 USD

 

Ask

Buy 1 USD

MIN   29,920.0   29,970.0 AVG   29,920.0   29,970.0 MAX   29,925.0   29,975.0

These values represent the daily average of the Bid and Ask rates OANDA receives from many data sources.

Recent Trends

USD/IRR average daily bid prices

Oct
12
Oct
22
Nov
1
Nov
11
29,920.0
29,929.3
29,938.5
29,947.8
29,957.0
Oct 11, 2015: 29,957.0
30 days 60 days 90 days

INTERACTIVE GRAPH


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