Posted on 08/03/2018 8:41:45 AM PDT by nuconvert
Iran's currency is continuing its downward spiral as increased American sanctions loom, hitting a new low on the thriving black market exchange.
The Iranian rial fell to 112,000 to the dollar on Sunday, from 98,000 to $1 on Saturday. The government-set exchange rate was 44,070 to the dollar, compared to 35,186 on Jan. 1.
The Iranian rial has been declining steadily for years but the drop has accelerated in recent months after the U.S. decision to pull out of the nuclear deal with Iran in May and announcement of increased sanctions beginning next month.
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The Iranian gov't is slowly collapsing. The protests are huge, even though few are reporting about them. This isn't the time to give the gov't a boost by saying we'll meet with them.
pong
Iran has said that they refuse to meet with President Trump.
For now. SO let’s hope Trump doesn’t repeat the offer, and declines a request by Iran to meet in the future.
I would bet there are a lot of Iranians meeting with Trump administration officials in Europe - maybe even here
Just not the mad mullahs and radicals
And US intel sharing on the size and location of bank accounts amassed by
the corrupt mullahs and their vichy govt
Tiny violins played by Cheshire cats.
Seems that the last administration was not perceived as serious about imposing sanctions that might hurt the Iranian economy.
What could have changed?
Iran’s new fashion statement the Duffel Bag Wallet
Why not just SIEZE any financial holdings the Iranians have left?
I would suggest a ‘perfect storm’.
First, Qatar got the World Cup games, and there’s rapid expansion going on there with condos, shopping, etc. Iranians have been negative about the banking sector for several decades, and I think about four years ago....the businessmen of Iran started to take their profits, and move them into Qatar (quietly) and invest in things....waiting on the Iran bank sector to fail.
Second, Dubai is under rapid expansion, with tons of condos being sold, and it’s the same story....Iranians with capital moving out out in the form of dollars or Euro.
Third, if you look at mortgages...it’s an issue now, because the money you’d expect to be there...from wealthy guys and business owners...is not there. Banks don’t have money to loan out.
Maybe if the Mullahs had some business background, they’d realize what’s happened here. But with zero confidence, unless the EU or someone comes in to save them....I think the banks will merge for the most part over the next twelve months, and you start to see more riots by summer of 2019.
“I would bet there are a lot of Iranians meeting with Trump administration officials in Europe - maybe even here
Just not the mad mullahs and radicals”
I would say you are correct.
Good. Then turn Iran into another Venezuela, afloat on an ocean of oil, but with no means to distributing it, or any effort to make the proceeds of what sales they do make available to their inhabitants.
Sharia law is a crude socialistic code, which permits an elite few to do reasonably well, but sows want and privation in a wide swath through the general population.
Command-and-control economies end up looking very much the same everywhere they are tried. Does not matter if it is feudalism, or socialism, or a theocracy, or even a simple commune, where everything is “democratic”.
Winning!
Rosalind Capital should be running non stop advertisements on Iranian TV with William Devane hocking gold. They’ll make a mint!!
It was always a good idea for Iranians to get rid of the mullah regime - now it is becoming necessary.
I assume that President Trump knew if the Iranians would meet (and could have ensured it behind the scenes), before making the offer publicly.
A 1,000 rial bump in exchange rates is less than one percent - just a day or two’s worth of fall, the ways things were going.
That brief of an interruption to the schedule, might be worth not having to defend against charges that people died (in the upcoming revolution) because President Trump was too (fill in the blank) to meet or talk with the poor Iranian leaders.
Rest assured, the rial will continue its nosedive. The main sanctions have not yet taken effect, capital flight is underway, and the banking system in Iran is a house of cards, long ago looted.
I thought that Dubai was more of a Saudi client, but there is nothing like greenbacks to make new alliances.
If Iran is looking for a financial savior, there is the EU, Russia or China ... and all want a good return on their investment.
“That brief of an interruption to the schedule, might be worth not having to defend against charges that people died (in the upcoming revolution) because President Trump was too (fill in the blank) to meet or talk with the poor Iranian leaders.”
I hope you’re right & we don’t have a repeat of the offer from Trump.
BTW - you referenced/linked to a blog by Heshmat Alavi...he works for MEK.
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