More than 70 countries have deleted their zeros, know the most prominent

[Floridian]

14 minutes ago, Laid Back said:

They are doing a RD redenomination or LOP. You still can cash out without a profit 

 

 

I bought some years ago on Ebay.  Where can you cash out without a profit?

I would like to do that.  Thanks, Laid Back.

[Laid Back]

3 hours ago, Floridian said:

 

I bought some years ago on Ebay.  Where can you cash out without a profit?

I would like to do that.  Thanks, Laid Back.

You may have to call a currency dealers, bank to find out.  Or You can take it to Iran.
Hope this help Floridian.

[southbeach]

3 hours ago, Floridian said:

 

I bought some years ago on Ebay.  Where can you cash out without a profit?

I would like to do that.  Thanks, Laid Back.

Why do you expect to exchange with no profit?  They are doing what they are doing to add value to the toman

[Floridian]

24 minutes ago, Laid Back said:

You may have to call a currency dealers, bank to find out.  Or You can take it to Iran.
Hope this help Floridian.

 

I thought maybe you knew of some bank or dealer that was buying them.  I don't think anyone is.

Take it to Iran?  Fat chance!   😂😂😂

[DoD]

9 minutes ago, southbeach said:

Why do you expect to exchange with no profit?  They are doing what they are doing to add value to the toman

Southbeach I think LB was being very generous when he said cash in with no profit. I would suggest the people who bought this toman to look at how it has bottomed this year compared to when they bought it an figure if its worth the gas driving to an exchange store. You really don’t think them deleting all these zeros is adding value to it, do you? 
The reason Iran is deleting zeros is because it’s nearly worthless an their leadership knows it’s in trouble. It was a gamble the folks made an didn’t pay off, time to forget about Iran an move on....

[Floridian]

23 minutes ago, southbeach said:

Why do you expect to exchange with no profit?  They are doing what they are doing to add value to the toman

 

I'm thinking they lopped the Rial and it will soon be used no more, and like LB said, it would have to be taken to Iran to trade it for Toman.

I guess I'll just hang on to it and see how things go.  Probably a total loss.

Edited May 9, 2020 by Floridian

[Laid Back]

1 hour ago, Floridian said:

 

I thought maybe you knew of some bank or dealer that was buying them.  I don't think anyone is.

Take it to Iran?  Fat chance!   😂😂😂

👍🏼😂😂😂

 

1 hour ago, DoD said:

Southbeach I think LB was being very generous when he said cash in with no profit. I would suggest the people who bought this toman to look at how it has bottomed this year compared to when they bought it an figure if its worth the gas driving to an exchange store. You really don’t think them deleting all these zeros is adding value to it, do you? 
The reason Iran is deleting zeros is because it’s nearly worthless an their leadership knows it’s in trouble. It was a gamble the folks made an didn’t pay off, time to forget about Iran an move on....

100% with U DoD 👍🏼

 

1 hour ago, Floridian said:

 

I'm thinking they lopped the Rial and it will soon be used no more, and like LB said, it would have to be taken to Iran to trade it for Toman.

I guess I'll just hang on to it and see how things go.  Probably a total loss.

You’re correct.!
 

-economic sanctions 

-hyperinflation 

-changing the name from rial to toman

 

Three indicators of a LOP

 

Same as Venezuela, also with economic sanctions from the US and EU they changed the name from Bolivar to Bolivar fuerte and you can see the currency as trash on the streets because it has no value. Venezuelan are now using the dollar.

[screwball]

You all forget trumps famous comments during second debate Iran. Iran will be strong as Iraq! Current will be same. Iran will not rename. It’s been called this for years. Hold until the end. There true value is weighted against gold be law! Puts them at over $2

[screwball]

Why they need to revalue it because they have to rejoin international monetary system this is trump requirement 

[screwball]

They have no choice now worthless currency country and government in its knees and no loans as well 

[screwball]

Remember if the delet zeros and join the international monetary system tomorrow they would have access to over 1200 exchange outlets 

[screwball]

Agreements have already been signed MasterCard already been signed once they rejoin money system no more funding of terrorism everything is trackable 

[screwball]

Whole thread on Iran people should read I for one am heavily invested and don’t care if I loose as you have to be in it to win it and this just another undervalued currency held down by deep state actors and corrupt government 

[Laid Back]

Honestly I wish you good luck in your investment 🤞🏼

[DoD]

screwball you absolutely correct my man, I live in Vegas an believe as you do about being in to win. I think when the casinos open back up I’ll take my $100.00 that I was gonna buy toman with an put it all on Black...at least that’s a 50/50 odds of winning which I’m thinking is better odds than the toman making a comeback in my lifetime...good luck to you. 

[screwball]

20 minutes ago, Laid Back said:

Honestly I wish you good luck in your investment 🤞🏼

Thanks it’s all lucky..invested in dogecoin, bitcoin and theta coin...invested in Indonesia currency, Rial and dinar...and stocks so far two investment in coins have paid off and covered more than my investment in currency..loosing is an investment I am comfortable with but generally rials is my biggest gamble and even then it will just come down to one thing...where to cash out 

[GregHi]

After reading some of your comments, I remember Kim Clement say that “there would be a grave (as in great) surrender” And that “he shall bring it forth to his people in Iran, his Christian people in Iraq and Palestine, yes Palestine..” Could he be referring to Iran’s great surrender being they join the central banking system and their currency is reset along with Iraq? “A break in the financial system that begins in the Middle East!”? 
 

Before, I was thinking the Iranian Rial is a lop, but maybe it won’t be and we should hold onto it and see what happens, if this is what Kim May have meant..

[screwball]

3 hours ago, GregHi said:

After reading some of your comments, I remember Kim Clement say that “there would be a grave (as in great) surrender” And that “he shall bring it forth to his people in Iran, his Christian people in Iraq and Palestine, yes Palestine..” Could he be referring to Iran’s great surrender being they join the central banking system and their currency is reset along with Iraq? “A break in the financial system that begins in the Middle East!”? 
 

Before, I was thinking the Iranian Rial is a lop, but maybe it won’t be and we should hold onto it and see what happens, if this is what Kim May have meant..

It won’t be a lop 

[gregp]

6 hours ago, screwball said:

It won’t be a lop 

Dubai still work for cashing in? I’m going to reach out again and see what’s going on. 

[southbeach]

1 hour ago, gregp said:

Dubai still work for cashing in? I’m going to reach out again and see what’s going on. 

Please do and keep me informed, because as stated above, it won’t be a lop

[yota691]

The Iranian Toman is at the lowest level since the beginning of the year

Economy | 02:12 - 12/05/2020

 

 

 

 

Follow-up - Mawazine News
The Iranian currency has witnessed a decline in its exchange rate against the dollar during the past days, in light of the difficult economic situation due to the repercussions of the Corona crisis and the US sanctions imposed on Tehran.
According to a website specialized in tracking the informal currency market in Iran, the dollar exchange rate rose today above 17,000 tomans, after a few days ago at the level of 15500 tomans - 16,000 tomans.
This means that the exchange rate of the Iranian currency during the past days has declined by about 10%.
Thus, the Iranian currency has recorded its lowest level since the beginning of this year, as it was at 15450 tomans in early January 2020. The
Iranian economy is suffering due to the repercussions of the Corona crisis, and the measures that have been taken to curb the spread of the virus, in addition to that the sanctions imposed by Washington on Tehran, Especially on Iranian oil exports. Ended 29 / A 43