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yota691

Iran to delete 4 zeroes from the national currency

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On 7/31/2019 at 6:16 PM, fishing said:

Did not know Iraq deleted 3 zero from there currency in 2015!

I see that  I got a down arrow, 

the statement suppose to have been funny, I know they never deleted zeros from their currency!😏

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On 7/31/2019 at 3:16 PM, fishing said:

Did not know Iraq deleted 3 zero from there currency in 2015!

People do not take sarcasm well around here. I gave you a greenie to offset it. Dont give up!👍 Anyone thats name is fishing cant be half bad. 

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Anyone see anything on the Riel with regards to the new rate and or about how yesterday went on the opening of the new exchange yet ?

 

 Cheers,  pp

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25 minutes ago, pokerplayer said:

Anyone see anything on the Riel with regards to the new rate and or about how yesterday went on the opening of the new exchange yet ?

 

 Cheers,  pp

Still waiting PP, havent read an article about this since 2 days ago. This is so strange...

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2 minutes ago, WheresmyRV? said:

Still waiting PP, havent read an article about this since 2 days ago. This is so strange...

 

Thxs WMRV, was hoping that maybe I had just missed it.

 

  Cheers, pp

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Thxs Chuck. I am having a hard time understanding why no news on this , since it was the opening bell yesterday ?

 

  Go figure,  pp

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18 minutes ago, pokerplayer said:

 

Thxs WMRV, was hoping that maybe I had just missed it.

 

  Cheers, pp

Hey pp, ETF is above 50...looking good for the exchange traded fund...Iam subscribed to irans economic financial ...will let you know asap...cheers

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2 minutes ago, navira said:

Hey pp, ETF is above 50...looking good for the exchange traded fund...Iam subscribed to irans economic financial ...will let you know asap...cheers

 

Awesome navira, thank you very much ! Here's hoping we make out like bandits !!  :) 

 

  pp

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4 minutes ago, 64jaguar said:

Praying for you all pp and then a nice big RV in Iraq!:twothumbs:  :praying:

 

 

Thxs 64', but if I can cash in riels then everyone holding should be able to as well.  :)

 

  Cheers, pp

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2 minutes ago, pokerplayer said:

 

 

Thxs 64', but if I can cash in riels then everyone holding should be able to as well.  :)

 

  Cheers, pp

Where you cashing them at. I’ll fly w you. 👌🏽💪🏽

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Just now, Arceo said:

Where you cashing them at. I’ll fly w you. 👌🏽💪🏽

 

No place yet, until it becomes official, my or any bank is not even interested in disscussing.

 

  And so we wait

 

  pp

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Central Bank of Iran Insists on Export Revenue Repatriation in Foreign Currency

 
Central Bank of Iran Insists on Export Revenue Repatriation in Foreign Currency
Central Bank of Iran Insists on Export Revenue Repatriation in Foreign Currency

Governor of the Central Bank of Iran says the government is opposed to the repatriation of export earnings in rial as it would weaken the economy.

“It does not make sense to repatriate earnings in rial. When you export to a country, the earnings should return in the national currency of the importing country,” or any other major currency, he told state TV on Friday.

“When export earnings are returned in rial, it is akin to bleeding of the country, which gradually weakens the economy”. 

As far as the government is concerned, export in rial is tantamount to capital flight. Hemmati argued that returning export earnings in rial means goods manufactured in the country and the added value flows out of the country. 

Exporters to some neighboring countries especially Iraq and Afghanistan have always complained that their bills are paid by the importing companies in rial rather than foreign currency (not even in afghani or dinar) and therefore they should be exempt from currency repatriation rules. 

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This was back in mid july before they announced August 12 as the launching date: The long-awaited regulated foreign exchange market is ready for launch but is waiting for the opportune inauguration time in order to have the best possible impact on the forex market, the CEO of the company overseeing the market said. 

“The timing for launching the market is crucial and we want a time when it would have the best effect on the currency market,” Mahmoud Shekasteband told Tejaratnews website. 

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4 hours ago, pokerplayer said:

 

No place yet, until it becomes official, my or any bank is not even interested in disscussing.

 

  And so we wait

 

  pp

pp, can you let us know how Canada is going to treat this as far as taxes go?

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6 hours ago, navira said:

Hey pp, ETF is above 50...looking good for the exchange traded fund...Iam subscribed to irans economic financial ...will let you know asap...cheers

Navira what is the ETF above 50?

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Hey WMRV, EFT=Exchange Traded Fund...it is doing well in the market. It is up more than 50 percent than its previous

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To those invested in rial, this is from Wikipedia..

2019, Iranian government ministers passed a bill the drop four zeros, as well as revalue 1 toman to equal 100 rials instead of the previous 10 rials.[18]

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1 minute ago, navira said:

To those invested in rial, this is from Wikipedia..

2019, Iranian government ministers passed a bill the drop four zeros, as well as revalue 1 toman to equal 100 rials instead of the previous 10 rials.[18]

what that mean lol

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2 hours ago, ChuckFinley said:

pp, can you let us know how Canada is going to treat this as far as taxes go?

 

You bet Chuck. Will let all the good folks here what is all involved Tax wise as well as what is required to actually cash in. Local bank manager is a friend so will ask what is required from outside folks ( USA ) as she might know or be able to find out.

 

  Cheers, pp

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