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
yota691

Iran to delete 4 zeroes from the national currency

Recommended Posts

12 minutes ago, Floridian said:

 

What are you doing, Screwball?  Trying to make everyone feel bad?

No?  You're not?

Well then, stop your effen bragging about how much money you have.

 

Lmao. Right? I learned early that Someone always has more than the next so no point bragging. It can all be gone with or without warning or choice. 

 

I could brag about my past where I had teams of people who run up on people like screwball who brag and take their **** on sight.  But That just sounds dumb. Almost as dumb as me selling a couple million shares of xrp off when hit 1.20 and funneling it thru 15 relative accounts from ppl  moving 8k a week for months To their banks than sending 5 k to me. Only to see xrp hit 3 bucks. Then I got in at tron at .008 and sold off at 20 cents. All that shits in the past. Coulda ran more But no one knows the future. Now I bet 5 grand a game on sports. While working making the odds. Easy. FYI thanks for the info on this one tho. I bought everything Rial I could off amazon 50 million at terrible rates because I like the gamble. Got in with dinar this year 50mill. Is what it is.  Stay humble man let’s get this $. 

  • Thanks 2
  • Upvote 1
  • Downvote 1

Share this post


Link to post
Share on other sites
10 minutes ago, DoD said:

Floridian, don’t let this person bug you an especially about how much money you think they might have. 

This is the internet where anybody can be whatever they want to be. 

Think about this for a second, if you had all these millions these folks claim to have, what in the hell are they doing on Dinar forum...lol 

 

I have not seen anyone on DV brag like that before.

It really gets my goat!

I've had to deal with people like that in the past and I've always said that if I ever have any "real money", I will help people and not laud my money over them like some people do.  I think it's disgusting when people do that.  No regard for the feelings of others who may be struggling.

 

  • Like 3
  • Thanks 2
  • Upvote 2

Share this post


Link to post
Share on other sites
17 minutes ago, Arceo said:

 

Lmao. Right? I learned early that Someone always has more than the next so no point bragging. It can all be gone with or without warning or choice. 

 

I could brag about my past where I had teams of people who run up on people like screwball who brag and take their **** on sight.  But That just sounds dumb. Almost as dumb as me selling a couple million shares of xrp off when hit 1.20 and funneling it thru 15 relative accounts from ppl  moving 8k a week for months To their banks than sending 5 k to me. Only to see xrp hit 3 bucks. Then I got in at tron at .008 and sold off at 20 cents. All that shits in the past. Coulda ran more But no one knows the future. Now I bet 5 grand a game on sports. While working making the odds. Easy. FYI thanks for the info on this one tho. I bought everything Rial I could off amazon 50 million at terrible rates because I like the gamble. Got in with dinar this year 50mill. Is what it is.  Stay humble man let’s get this $. 

 

Oh man!  No shortage of braggarts tonight.  

 

  • Like 1
  • Thanks 1
  • Upvote 1

Share this post


Link to post
Share on other sites
4 minutes ago, Floridian said:

 

I have not seen anyone on DV brag like that before.

It really gets my goat!

I've had to deal with people like that in the past and I've always said that if I ever have any "real money", I will help people and not laud my money over them like some people do.  I think it's disgusting when people do that.  No regard for the feelings of others who may be struggling.

 

Right?? I help more than anyone I know and don’t show it. The people who know know and that’s what matters. Can’t wait to put more people on. My wife’s friend owns a 5 million dollar house in vegas. One in Latina. One in San Diego. One in Miami. All multi mill spots. It Puts me in check daily on my so called $ lol 

  • Upvote 2

Share this post


Link to post
Share on other sites
29 minutes ago, Carrello said:

THUG!

Honey, do you mind? A little more butter this time. You're a doll.

 

22 minutes ago, Carrello said:

THUG!

Hurry!

 

Anything For U Ms Carrello ! ;) 

 

Cardi B Popcorn GIF
 
:D  :D  :D 
  • Thanks 2
  • Haha 3
  • Upvote 1
  • Downvote 1

Share this post


Link to post
Share on other sites
17 minutes ago, Floridian said:

 

Oh man!  No shortage of braggarts tonight.  

 

 

 

I have a credit card that still has $300.00 worth of credit on it.  LMBO

 

  pp

Edited by pokerplayer
  • Haha 15

Share this post


Link to post
Share on other sites

Sure is hot in here....

 

Just passin thru......

:rodeo: 

  • Haha 7
  • Upvote 1

Share this post


Link to post
Share on other sites
22 minutes ago, Carrello said:

Thank you, Thug. 

 

How are you holding up in the heat over there? 

 

Lol - Ya It’s Hot Enough To Cook The Popcorn On The Sidewalks Over Here Right Now ! :o 

 

 

But I Know That It’s Also Super Toasty Out Where U Are Too ! ;) 

 

:D  :D  :D 

 

 

 

Scottsdale, AZ
 
image.png.53675232ade16c8b447d010d8d32761c.png
111
°F|°C
Precip: 0%
Humidity: 7%
Wind: 7 mph
 
 
WED
image.png.84159c8cf025da4c80cb402564dc6117.png
111°
83°
THU
image.png.c9394b7d0f3067d31229d2eb5ba46079.png
112°
83°
 
Excessive Heat Warning
Central Arizona
3 hours ago – National Weather Service

EXCESSIVE HEAT WARNING REMAINS IN EFFECT UNTIL 8 PM MST FRIDAY ...

 

 

Edited by DinarThug
  • Haha 4
  • Confused 1

Share this post


Link to post
Share on other sites

Same here. Poor dogs. You can't walk them till sundown. 

Edited by Carrello
  • Haha 1
  • Upvote 5
  • Downvote 1

Share this post


Link to post
Share on other sites
7 minutes ago, Carrello said:

Same here. Poor dogs. You can't walk them till sundown. 

 

Ya - Mine Just Want To Chill Inside All Day ! :o 

 

dog-hot-weather-answer.gif?w=384

 

Hey Fido - Grab Me Another Beer While Ur In There ...

 

:D  :D  :D 

 

  • Thanks 1
  • Haha 12

Share this post


Link to post
Share on other sites
1 minute ago, pokerplayer said:

Carrello, trying to even you out from the rubies.

 

  pp

 

Thanks, PokerPlayer. It's okay. At least i know that somebody is reading my comments. If the ruby rubbers would just speak I might learn something. I guess I'll just have to rely on the rest of you.Ol'e

  • Haha 1
  • Upvote 5
  • Downvote 1

Share this post


Link to post
Share on other sites
3 hours ago, navira said:

I follow Warren Buffet ....never listen to experts.

Warren buffet is a great man! Very wise on stocks one of the reasons why I bought into the Iraqi six 

  • Thanks 1
  • Upvote 2

Share this post


Link to post
Share on other sites
3 hours ago, Floridian said:

 

What are you doing, Screwball?  Trying to make everyone feel bad?

No?  You're not?

Well then, stop your effen bragging about how much money you have.

But not my intention people have to research for themselves and make investment decisions for themselves and be comfortable but because so called wheelchair experts don’t have the intesticle fortitude to take and make decisions doesn’t mean they have to talk down others that do! 

Edited by screwball
  • Thanks 1
  • Upvote 1

Share this post


Link to post
Share on other sites

I remember meeting a wise investor on the old roloclub days and his mates made money on the Kuwait exchange as they were boots on the ground at the time and he didn’t and I remember he said he wouldn’t never make the same mistake twice! Cover all bases and spread the risk and multiply the possibility of reward 

  • Thanks 2

Share this post


Link to post
Share on other sites
3 hours ago, Arceo said:

 

Lmao. Right? I learned early that Someone always has more than the next so no point bragging. It can all be gone with or without warning or choice. 

 

I could brag about my past where I had teams of people who run up on people like screwball who brag and take their **** on sight.  But That just sounds dumb. Almost as dumb as me selling a couple million shares of xrp off when hit 1.20 and funneling it thru 15 relative accounts from ppl  moving 8k a week for months To their banks than sending 5 k to me. Only to see xrp hit 3 bucks. Then I got in at tron at .008 and sold off at 20 cents. All that shits in the past. Coulda ran more But no one knows the future. Now I bet 5 grand a game on sports. While working making the odds. Easy. FYI thanks for the info on this one tho. I bought everything Rial I could off amazon 50 million at terrible rates because I like the gamble. Got in with dinar this year 50mill. Is what it is.  Stay humble man let’s get this $. 

Yes that right I have made no money on bitcoins dogecoin! Snoozers are losers!

  • Confused 1

Share this post


Link to post
Share on other sites
1 hour ago, Carrello said:

Thanks, Dinarrock. As Tlar used to say "you da best."

Yes thanks the good ole CC days I remember you from there! Hard to believe we are still here approaching 2020 right..lol

  • Upvote 1

Share this post


Link to post
Share on other sites
4 minutes ago, Dinarrock said:

Yes thanks the good ole CC days I remember you from there! Hard to believe we are still here approaching 2020 right..lol

 

Unbelieveable !

  • Upvote 1

Share this post


Link to post
Share on other sites
Guest
This topic is now closed to further replies.

  • Recently Browsing   0 members

    No registered users viewing this page.



  • Similar Content

    • By DWS112
      This is the history of the currency in Iran .. Why Tehran will delete the zeros from its banknotes?
      8/16/2019

       
      Mohammad Rehmanpour-Tehran
       
      For decades, governments of many countries have benefited from the benefits of deleting zeros from their local currencies, to facilitate their use among people, reduce printing costs, control inflation and strengthen the position of the local currency among countries.
      After rounds of negotiations over the years, the Iranian government approved a proposal by the central bank in January this year to remove the four zeros from the local currency, and the proposal was submitted to the Iranian parliament for approval.
       
      Since the reign of the Achaemenids to date, more than 50 different currency types have been used in Iran, such as the Achaemenid Drake, the Dirham, the Sassanian dinar, the Shah, the Abbasid Safavid, the Toman, and the Qajar Koran to the current rial and dinar.
       
      According to the first article of the banking monetary law adopted since 1972 in Iran, the official currency of the country is the Iranian rial, which was replaced by the Toman in the Pahlavi state in 1929 and continued to this day, where one riyal consists of one hundred dinars.
       
      Although the name of the currency has changed to the riyal, the Iranian people still call their currency "Toman" in their purchasing business. The use of the riyal name is limited to banks and official institutions in Iran.
       
      But according to the central bank's plan, the toman would become the official currency of Iran as an alternative to the rial. Four zeros will be deleted from the official currency.
       

       
      Toman Original currency

      The Toman will become the original currency of Iran, while the riyal remains the sub-currency, each 100 riyals constitute one toman.
      For its part, the Central Bank announced the start of the process of collecting used money and exchange of new money within 24 months after the approval of Parliament.
       
      "The value of the Iranian national currency has fallen by 3,500 times since 1971, and the exchange rate of the Iranian riyal against foreign currencies (the dollar) is 0.000008. In dollars. "
       
      He added that there are currently seven billion banknotes in the country, but the number will fall to three billion after the exchange of the riyal Altoman. This will facilitate trade and exchange between people and reduce the cost of printing money.
       
       Divergent views
      Opinions on the new plan were divided between loyal and opposition until the issue became controversial in Iran.
      In their view, it is more feasible at this stage for the government to focus on reforming the country's economic system and reducing inflation, which has reached 40%, while the economic growth rate is 5%.
       
      Similar experiences in other countries show that monetary change only achieves its objectives and desired results when economic stability is achieved. .
       
      On the other hand, supporters believe that the most important features of the plan is to give the currency its real value.
      The plan is characterized by reducing the size of banknotes and facilitate transactions and reduce the storage and maintenance space and save the banknotes better, and facilitate the process of carrying and transport, and reduce the psychological effects of inflation, and raise the currency between countries, and save time for people and banks at the same time, according to supporters .
       

       
       Inflation and other things

      says Ali religious Turkmen professor Tehran University and faculty member at Institute Studies and Research business in his speech to island "took this decision result continuous inflation years now which contributed zooms numbers."
       
      He pointed out that the basic elements of currency stability and control of inflation are not achieved when changing the currency and deleting zeros, Turkey has a similar experience in the deletion of six zeros from its currency in 2005, but the plan would not have benefited the Turkish economy without Turkey's involvement in the European market and attract head Foreign money and the correct management of the economy.
       
      He also said that this plan will not affect the purchasing power or people's property, and that the deletion of zeros will include money and goods at the same time, for example, the price of bread will become Tomanin instead of 20,000 riyals.
       
      Similarly, for foreign trade or foreign exchange transactions, prices will remain the same, and the purchasing power of foreign currencies will remain unchanged with the new toman, he said.
       
      In this sense, changing the currency and deleting its zeros is a double-edged sword for the Iranian economy. The success of the plan depends on the government's parallel economic reforms, to safely pass the thorny economic entitlement, otherwise it will sink into inflation again if it continues to deal with the old system and the same mentality four decades ago, observers say.
       
    • By yota691
      Economist: Iraq is not affected by the fall of the Toman because it deals with a basket of world currencies, including the dollar
      Economie 11:58 Last updated S homepage! 1208 Watch       BAGHDAD (Reuters) - 
      The collapse of the Iranian currency against the dollar is an internal affair of the Iranian republic and has a positive impact on Iraq, the economic expert said on Monday. 
      Jabbar said in an interview with "Al-Ghad Press" that "the financial deposit of the Iraqi investor in Iranian banks and banks is not affected by the decline or collapse of the Iranian Toman against the US dollar, being considered a foreign deposit remains the same with their benefits in a certain investment circle," adding that "The stock market and securities and the basket of foreign currencies against the Iranian currency will certainly affect the decline or collapse of the Iranian Toman."

      "The decline of the Iranian currency does not affect the Iraqi investors because the decline or collapse of the Tuman is because of the sanctions imposed by the United States of America on Iran, and therefore do not reflect a serious market," noting that "the process of retreat or collapse of the Iranian Toman on Iraq Will have a positive outcome, because Iraq is a country importer of Iranian goods. " 
      "The decline in the Iranian currency will reduce the investments in Iran and begin to move towards Iraq in light of the improved security and economic situation in Iraq," Jabbar said, adding that "Iraqi imports will be booming because the financial value of imported quantities will be less as a result of the decline of Atoman against the US dollar, Fruits and Iranian milk. "
×
×
  • Create New...

Important Information

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