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yota691

Central Bank of Iran: We can not provide hard currency

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4 hours ago, jmartin1145 said:

I only have eight million so I didn't lose a great amount of money at this time. I will hold on and maybe my gggrand kids can sell them on E-bay as souvinears.

Same here, I only have 11 mill Rial.  

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Iran and Iran reveal the location of "war room" and scenes "shock currency"

Iran reveals location of "war room" and scenes "currency shock"

 Twilight News    

 46 minutes ago

 

"The US Treasury is a" war room "being waged against Iran, said Ghulam Reza Musbahi, a member of the Expediency Council in Iran. 
Mesbahi said that Washington "launched its war room since the beginning of the imposition of economic sanctions, specifically with the increase of the unjust embargo on our country." 
The Iranian official said that the United States "first relied on the submission of the list of sanctions Iran to Congress, and then worked to pressure Iran in several aspects, including the US dollar." 
"This person came to the countries of the region and met with the banks' executives separately and prevented them from converting the dollar into the UAE Dirham," said Mesbahi, a former US Treasury secretary who played a key role in tightening sanctions against his country.
"They pressed the United Arab Emirates. When the shock of foreign currency hit our country in 2012, it was the result of the actions of the deputy US Treasury Secretary himself, since the UAE has since stopped On the conversion of the Iranian currency to the UAE Dirham and the economic shock in Iran until the dollar reached 1200 Tuman to 4 thousand Toman, but through the administrations was returned to 3200 Toman. 
"All attempts by the US president, and even the previous Security Council resolutions against Iran, belong to the Treasury," he said.

 

Keywords: 

http://www.shafaaq.com/ar/Ar_NewsReader/acce6c5e-219e-4ada-a1ba-f6184b12d581

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6 minutes ago, Butifldrm said:


Iran and Iran reveal the location of "war room" and scenes "shock currency"

Iran reveals location of "war room" and scenes "currency shock"

 Twilight News    

 46 minutes ago

 

"The US Treasury is a" war room "being waged against Iran, said Ghulam Reza Musbahi, a member of the Expediency Council in Iran. 
Mesbahi said that Washington "launched its war room since the beginning of the imposition of economic sanctions, specifically with the increase of the unjust embargo on our country." 
The Iranian official said that the United States "first relied on the submission of the list of sanctions Iran to Congress, and then worked to pressure Iran in several aspects, including the US dollar." 
"This person came to the countries of the region and met with the banks' executives separately and prevented them from converting the dollar into the UAE Dirham," said Mesbahi, a former US Treasury secretary who played a key role in tightening sanctions against his country.
"They pressed the United Arab Emirates. When the shock of foreign currency hit our country in 2012, it was the result of the actions of the deputy US Treasury Secretary himself, since the UAE has since stopped On the conversion of the Iranian currency to the UAE Dirham and the economic shock in Iran until the dollar reached 1200 Tuman to 4 thousand Toman, but through the administrations was returned to 3200 Toman. 
"All attempts by the US president, and even the previous Security Council resolutions against Iran, belong to the Treasury," he said.

 

Keywords: 

http://www.shafaaq.com/ar/Ar_NewsReader/acce6c5e-219e-4ada-a1ba-f6184b12d581

 

 

Iran and Iran ?  😵

pp

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A spokesman for the central bank of Iran announced the launch of 5.9 million gold coins in the domestic market until 20 March 2019.

The bank has sold 7.65 million coins (one = 8.1 grams) in advance and will receive 5.9 million coins by the end of the Iranian year of March 20, 2019 and next year 1.34 million coins and 408,000 coins in the next year, said spokesman Mohammad Ali Karimi. .

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Image .. Iranian markets depend on the Kurdistan Region at the dollar exchange rate against the riyal

Image .. Iranian markets depend on the Kurdistan Region at the dollar exchange rate against the riyal
 



 Twilight News    
 3 hours ago

The prices of the sale of currency published on Iranian sites supervised by local bankers on the province of Sulaymaniyah in the Kurdistan region in the guessing of the dollar against the Iranian riyal, which continues to collapse.

The price of the Iranian riyal against the US dollar in exchange shops on Tuesday fell sharply as Iranians bought hard currency, fearing the economic turmoil the country could face if US President Donald Trump withdrew from the nuclear deal.

The dollar was sold at 65,000 riyals, according to currency tracking specialist bonbast.com, down from 57,500 at the end of last month and 42,890 at the end of last year.

Keywords: 

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Pilgrims to Iraq to Receive IQD Soon
 
Wednesday, May 09, 2018
 
 
 

Iranian pilgrims to Iraq have to make their religious journey without any officially provided cash in foreign currency for the time being until the authorized banks manage to offer Iraqi dinar banknotes, a senior official with the Hajj and Pilgrimage Organization said. 

As per the new forex regulations, pilgrims to Iraq can receive up to 250,000 Iraqi dinars from Tejarat and Parsian Banks by presenting HPO-approved documents, ISNA reported. 

However, the two banks do not yet have the infrastructure for the distribution of Iraqi dinar (IQD). Therefore, no foreign currency is given to pilgrims for now, according to Morteza Aqaei, director for shrines at the HPO.

The official explained that since offering foreign currency to pilgrims at border points or airports was not feasible due to their large number, the two banks were tasked to provide the service. 

"We have had several sessions with the banks' authorities to make the necessary arrangements," he said, adding that his office is pursuing to accelerate the process of supplying Iraqi dinar. 

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IRAN / IRAN Date: May
 
 
 

The governor of the Central Bank of Iran and Crown Prince Ali Saif said that according to the programs taken, the pace of economic growth continues and the subject of foreign exchange under control.

Saif said on the sidelines of a meeting of the Foreign Currency Economic Committee on Wednesday that the Trump administration a year and a half ago sought to block the atmosphere in order to create inflammation in the Iranian economy.

"Iran's economy is in an appropriate position, there is a balance between resources, revenues and expenses, and foreign exchange is available to cover the needs of the country," he said.

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3 hours ago, yota691 said:

As per the new forex regulations, pilgrims to Iraq can receive up to 250,000 Iraqi dinars from Tejarat and Parsian Banks by presenting HPO-approved documents, ISNA reported. 

 

3 hours ago, yota691 said:

Saif said on the sidelines of a meeting of the Foreign Currency Economic Committee on Wednesday that the Trump administration a year and a half ago sought to block the atmosphere in order to create inflammation in the Iranian economy.

 

I find it VERY interesting this article comes out the day after President Donald J Trump announced the withdrawal from the NONSIGNED JCPOA by the Iranians. With the simultaneously announced sanctions against Iran, I really wonder how much traction the Iranian banks will have in acquiring IQD. I suspect it counterproductive for Iranian banks to get a significant portion of relatively low value Iraqi Dinar currency compared to other prominent currencies then for the Iraqi Dinar to appreciate by a reinstatement or revalue.

 

I anticipate more "problems" for the Iranian banks to acquire Iraqi Dinar due to the new sanctions on Iran. What will the Iranians exchange for Iraqi Dinar? Iranian rial? Other foreign currencies and drain their reserves? Iran is precarious economically to date and could fuel internal uprisings hemorrhaging foreign cash from their reserves.

 

AND, of notable mention, wuz up with the "new forex regulations"???!!! 250,000 Iraqi Dinar is nominally 250,000 / 1,200 = nominally $ 210.

 

We'll see................................................

 

image.jpeg.ce73e0242fc9f00fbb5026948789bbc9.jpeg
Tejarat Bank is an Iranian Bank. Wikipedia
 
Founded: 1979
 
Parsian Bank
Private banking company
image.png.992982753f7be84bbb8bcc1ee01ba64f.png
Parsian Bank is a major Iranian private bank, headquartered in Tehran, Iran. Founded in February 2002 as a nongovernmental bank, Parsian Bank now has 288 branches across Iran, 159 of which are in Tehran.Wikipedia
 
CEO: Kourosh Parvizian (Feb 9, 2015–)
Founded: July 2001

 

In The Mean Time............................................

 

Go Moola Nova (YEAH AND YEE HAW, BABY!!!)!!!

:rodeo:   :pirateship:

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Iran / Iran date: 2018 May / May 10 - GMT 08:53
 
 
 

The President of the Central Bank of Iran announced that inflaming the exchange rate of the riyal against foreign currencies in the local market is a fact and can not be denied the psychological effects and influences from abroad on the Iranian economy.

"There are economic and other factors that affect the exchange rate," Saif said at the Iranian Agricultural Economy Forum on Thursday. "The rate of inflation is an economic factor affecting this trend."

He pointed out that the rate of inflation gradually fell to a single figure and recorded 9.2 percent in the month of "Farvardin" Iran, ending April 20, 2018. 

Saif considered that the non-economic factors and Al-Albaniip affect the expectations and outlook and lead to lack of confidence or false hopes, which should not be ignored, and in light of the exchange rate is subject to periodic fluctuations, resulting from these non-economic factors.

He stressed that $ 6.5 billion has been allocated to cover imports through the Central Bank, the banking system, banking offices and the unified electronic Nima exchange rate system, while banks and banking offices received $ 1.2 billion from exporters.

On the withdrawal of Trump from the nuclear agreement, the Governor of the Central Bank said that the overall climate is balanced between the offer and demand of foreign currencies, and that the US decision is not a concern and measures have been taken and necessary.

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By Matt O'Brien May 16 at 12:42 PM Email the author
LHBFB47OHQ3WJC5CZKSNUJLHWI.jpg
Turkish President Recep Tayyip Erdogan (Adem Altan/AFP/Getty Images)

Autocrats and markets don't always get along.

After all, for every Lee Kuan Yew of Singapore, who embraced export-led growth with whatever's stronger than religious fervor, there's been a Nicolás Maduro of Venezuela, who has tried to muzzle markets the same way he has his own people out of the misguided belief that this would make his underlying economic problems disappear.

In between these two extremes, though, is someone like President Recep Tayyip Erdogan of Turkey: a head of state who doesn't like that economic reality doesn't always conform to his wishes, who intermittently rages about this fact with a mix of ignorance and bravado — interest rates beyond his control are “the mother and father of all evil,” he mused recently — but who has nonetheless begrudgingly acceded to things when he has had no other choice.

Well, at least until now. Which is to say that while Turkey's lira has been the second-worst performing currency this year, it might have a lot further to fall if Erdogan follows through on his promise to take even more control of the country's economic policymaking. Bad fundamentals and worse governance are not, it turns out, a good combination.

 

This story really started 10 years ago. That's when zero interest rates across the developed world sent money pouring into emerging markets in search of anything resembling a return. This made their stocks and bonds and currencies all go up, but it came at the cost of making their economies so dependent on these inflows that they were vulnerable to the inflows' going into reverse. Indeed, all it took was then-U.S. Federal Reserve Chairman Ben Bernanke saying that they might start printing less money soon — meaning there wouldn't be as many dollars looking to be invested overseas — for the most fragile emerging markets to sell off sharply five years ago. Those were the ones that were still borrowing heavily from abroad and didn't have big rainy-day funds of dollars.

That was the wake-up call those countries needed to start shoring up their positions, and, to their credit, most of them did. Turkey was an exception. Sure, it cut its foreign borrowing a bit, but that's still a substantial 5.5 percent of its economy right now. Nor are its dollar reserves big enough to be much of a buffer, either.

It's no surprise, then, that its currency has come under a lot of pressure now that the U.S. central bank is not only raising rates — sucking money out of emerging markets now that investors can get a better return at home — but is also looking as if it might be doing so more than expected now that U.S. unemployment it down to 3.9 percent. The result, as you can see below, is that the Turkish lira is down 14.6 percent against the dollar since the beginning of March.

FSZLPG7MVY2CXFQXPUYQTTFLMU.png

To the extent that it was overvalued before, it's not that big a deal that the lira is falling today. A cheaper currency will help it export more; exporting more will give it more money to save; and more savings will mean it won't have to rely so much on borrowing overseas. Problem solved! Or at least it would be if Turkey's banks hadn't borrowed a lot of dollars and made a lot of loans in lira that are now worth a lot less than before. That means the lira's plunge isn't as benign as it might seem; if anything, it's the opposite.

The normal response to this kind of situation is to raise interest rates until investors are so enticed by the returns they can get that they move their money back into the country and, in the process, push the lira back up. That would save the banks from potentially defaulting on their dollar debts at the expense of causing much slower growth.

But Erdogan doesn't want that. He has elections coming up, and even though he has stacked the deck in his favor as much as possible by jailing journalists, turning the courts into a rubber stamp and intimidating the opposition, he's still worried about having the economy as healthy as possible leading up to the vote.

Not to mention that Erdogan subscribes to some, let's say, unconventional economic theories. He has long said that he thinks higher interest rates cause higher inflation, rather than the other way around and has attacked what he calls the foreign “interest-rate lobby” for allegedly trying to hurt Turkey's economy by using its double-digit inflation as an excuse to call for, yes, higher rates.

Never mind the cognitive dissonance here — Erdogan seems to understand that higher rates cause slower growth but incongruously claims that they make prices rise faster, too — the point is that he has made it hard for his central bankers to do their job when that involves things he doesn't like. They're still independent enough that they eventually did raise rates aggressively in 2014 and less so in 2016, the last time they faced this kind of problem. And they maintain that they will take all “necessary steps” today. But they might not be for long.

Erdogan, you see, has now gone so far as to say that “the central bank can't take this independence and set aside the signals given by the president.” His remarks have made investors worry that this time really might be different, that Erdogan might not be carried kicking and screaming to a rate hike even if his economy desperately needs it. And so, the lira keeps falling.

He's the captain now.

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Iran's Consulates across Iraq to Replace Dollar with Dinar, Euro
  •  
 
TEHRAN (FNA)- Iranian consulates across Iraq will replace dollar with local currency (dinar) and euro for paying the costs of consular services, including visa issuance, in the next few days.

Iran's diplomatic missions will receive either the Iraqi dinar or euro for their consular services as of Tuesday (May 22), the Iranian consulates in Iraq announced on Friday.

The Iranian consulates, meantime, said that the US dollar will not be accepted anymore.

The decision was made in line with removal of dollar from the banking operations of the Iranian missions abroad.

The decision comes after US President Donald Trump announced on May 8 his decision to withdraw Washington from the Joint Comprehensive Plan of Action, also known as the Iran nuclear deal, vowing to reinstate the sanctions against Tehran that were lifted as a result of the agreement.

The foreign ministers of Germany, the United Kingdom and France have issued a joint statement saying their countries will stay in the JCPOA even if the United States pulls out of it.

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iran force iraq using dinar than dollar because iran is new era have get opportunity to tranforms economic more than sanction before. iran like us hate drama by iraq . I hope last month in may iraq stop to using dollar . 

Edited by nor
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Iranian consulates in Iraq replace the dollar with dinar in its dealings

11:04 - 20/05/2018
0
 
  
%D8%B1%D9%88%D8%A7%D8%AA%D8%A8-696x435.j

Information / Translation

Iran's consulates will replace the US dollar in the local currency (dinar) and the euro in their dealings with regard to the provision of consular services such as issuing visas and others in the next few days, an Iranian news agency reported on Sunday.

"The Iranian diplomatic missions will only receive the Iraqi dinar or the euro for its services from next Tuesday, May 22," the official Fars News Agency reported.

"The US dollar will not be accepted in trading as soon as the decision was made in conjunction with the removal of the dollar from the banking operations of all Iranian missions abroad."

The decision comes after US President Donald Trump announced on May 8 his decision to withdraw Washington from the comprehensive joint action plan also known as the Iranian nuclear agreement, and pledged to re-impose sanctions against Tehran, which was lifted as a result of the agreement. Ending / 25 z

http://www.almaalomah.com/2018/05/20/311170/

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12 minutes ago, dinardiggerisme said:

Looks like Iran thinks the Dinar will be accepted everywhere soon.

iran is iraq corony their more know inside iraq than people like us . Iran bored to waiting iraq drama 

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26 minutes ago, roadhound said:

Wouldn't IQD have to be International for Iran to use IQD for all Consulates and Missions????? There is a LOT of them world wide!  https://www.embassy-worldwide.com/country/iran/

 

Good thinking, Roadhound!  😀

Why would they want dinar if they can't use it?

 

Just had a thought.  Maybe they are only going to use the dinar in Iraq, and not at all those other embassies and consulates.

Edited by Floridian
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On 5/7/2018 at 6:50 AM, WheresmyRV? said:

Same here, I only have 11 mill Rial.  

dont worry . iran will folloW iraq or iraq will follow iran . or their have rise rate togethr . 

 

iraq is large export oil and gas but iran more stables. 1:1 . 

 

many people have visit and holiday in iran . diplomatic really good 

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25 minutes ago, roadhound said:

Wouldn't IQD have to be International for Iran to use IQD for all Consulates and Missions????? There is a LOT of them world wide!  https://www.embassy-worldwide.com/country/iran/

 

25 minutes ago, roadhound said:

Wouldn't IQD have to be International for Iran to use IQD for all Consulates and Missions????? There is a LOT of them world wide!  https://www.embassy-worldwide.com/country/iran/

no there can using dinar but its not fair for iraq . i think iraq should do next step . this warning to iran . If iraq do not rise up their rate there should pay more to iran . how to get the iraq money ? because iraq using auction to sell dollar and get back their money 

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There shall be a break in the system with ME such as Iran detaching themselves from the dollar and its brother Iraq follows suit... then the dinar...RV

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Here is the scenario I have:  iran n iraq detaching themselves from the dollar...peace plan(i believe Donald Trump just signed this recently to be revealed sometime in june but said can be sooner than anyone thinks, i mentioned earlier this can be what CBI called a suitable environment)....then the trigger to dinar RV

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KB you are too funny. When i read the fact that ATM's were getting arrested i just Knew you would crack me up'

Wondering if the cops get to keep all those 100 dollars in the machines.

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  Sadr considers Iran  an opponent , same as the US .  In my mind it puts a wrinkle  in an Iran /Iraq deal .It could be that Iran is shooting it's mouth off  ,not the first time for this

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