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Iran chops off zeroes from currency, changes ‘rial’ to ‘toman’
Mehr News Agency (Iranian Gov't) ^ | May 4, 2020 | Mehr News Agency

Posted on 05/10/2020 10:57:03 AM PDT by BeauBo

As per the bill ‘Reforming Monetary and Banking Law’, the monetary unit will change officially from the rial to the commonly used toman.

Furthermore, the minor monetary unit of the new currency will be the ‘parseh’...

The Parliament has given the government a maximum of two years as a transition period to implement the law and replace the banknotes and coins.

(Excerpt) Read more at en.mehrnews.com ...


TOPICS: Business/Economy; Foreign Affairs; War on Terror
KEYWORDS: iran; iraq; mullah; qasemsoleimani; qudsforce
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Knocking four zeros off the currency.

Hello Zimbabwe.


1 posted on 05/10/2020 10:57:03 AM PDT by BeauBo
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To: BeauBo

Picture:

So now is an Iran Checque like a rain check? Good luck coming back for the money.

Woman at burqua store: “How many rials is that all black burqua in tomans? I’m not sure how much by husband will allow me to spend from my allowance.”


2 posted on 05/10/2020 11:03:59 AM PDT by frank ballenger (End vote fraud,harvesting,non-citizen voting & leftist media news censorship or we are finished.)
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To: BeauBo

How is that $20 per barrel working out for ya?


3 posted on 05/10/2020 11:04:59 AM PDT by 2banana (My common ground with islamic terrorists - they want to die for allah and we want to kill them.)
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To: 2banana

Last night while trying to sleep I was wondering why their is virtually no industry in the middle east or northern Africa. You would think Europe would have most of their manufacturing in these countries but they don’t.


4 posted on 05/10/2020 11:07:22 AM PDT by LukeL
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To: LukeL

Hard to get productivity from someone with an IQ of 80 who also has to take many breaks a day to pray to allah.


5 posted on 05/10/2020 11:09:42 AM PDT by Pollard (whatever)
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To: LukeL

It’s because sex cults don’t build civilizations. Israel and the West chose to control their sexual impulses and they then directed their energy into building stuff.

The joke that Frasier used in Cheers about being a horny teenager and spent his youth building a life sized boat in a bottle wasn’t too far off.


6 posted on 05/10/2020 11:18:20 AM PDT by Jonty30 (What Islam and secularism have in common is that they are both death by cultsther)
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To: AdmSmith; AnonymousConservative; Arthur Wildfire! March; Berosus; Bockscar; cardinal4; ColdOne; ...
This is really gonna mess up the Swiss bank accounts of various US Demwit politicians.

7 posted on 05/10/2020 11:19:12 AM PDT by SunkenCiv (Imagine an imaginary menagerie manager imagining managing an imaginary menagerie.)
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To: BeauBo

Another example of how damage to economic productivity is the cause of inflation.


8 posted on 05/10/2020 11:19:44 AM PDT by Moonman62 (http://www.freerepublic.com/~moonman62/)
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To: LukeL

> I was wondering why their is virtually no industry in the middle east or northern Africa <

That low-hanging fruit would be too tempting for the country’s current president-for-life or Grand Mullah. If the leader was running a bit short of cash, he’d just nationalize the foreign industries.

Then what could the factory owners do? They could write a pleading letter to the World Court, but that would be about it.


9 posted on 05/10/2020 11:23:29 AM PDT by Leaning Right (I have already previewed or do not wish to preview this composition.)
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To: Jonty30

well noted about Iran being a sex cult.

Look at the flag of Iran - you can see legs and.....


10 posted on 05/10/2020 11:25:17 AM PDT by BereanBrain
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To: Pollard

And who’s concept and practice of maintenance is, if Allah wants it to work, it will work. If it doesn’t work, it’s because Allah doesn’t want it to.

There are very solid reasons why some cultures can not progress beyond early iron age on their own. And some can’t even make it out of the stone age.


11 posted on 05/10/2020 11:25:27 AM PDT by Grimmy (equivocation is but the first step along the road to capitulation)
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To: All

Meanwhile, DC adds zeros to our money.


12 posted on 05/10/2020 11:30:09 AM PDT by veracious (UN=OIC=Islam; USgov may be radically changed, just amend USConstitution)
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To: Jonty30

I liked his joke about the Rabbi on the Titanic.


13 posted on 05/10/2020 11:33:25 AM PDT by LukeL
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To: BeauBo


14 posted on 05/10/2020 11:34:31 AM PDT by Chode (Send bachelors and come heavily armed.)
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To: Pollard

And smoke 2 packs of cigarettes


15 posted on 05/10/2020 11:40:40 AM PDT by Truthoverpower (The guv mint you get is the Trump winning express !)
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To: BeauBo

The US is going to have to do that one of these days. I just got back from the grocery store. Plenty of meat but the price is about 1/3 higher than it was last December.

Must be all that printer’s ink monopoly money the democrats have flooded the system with.

Interesting side note... In the Civil War, Salmon P. Chase printed the first “Greenbacks” and declared them legal tender.

A few years later, when he became Chief Justice of the SCOTUS, he ruled that ONLY GOLD or SILVER was legal tender.


16 posted on 05/10/2020 11:42:06 AM PDT by Ruy Dias de Bivar
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To: Moonman62

In another month we can round to he nearest $. Get rid of coins


17 posted on 05/10/2020 11:46:43 AM PDT by Oldexpat (Stand strong VA.)
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To: LukeL

That was a pretty funny joke. His dying on stage was funnier.

That was one of the best shows on tv.


18 posted on 05/10/2020 11:48:03 AM PDT by Jonty30 (What Islam and secularism have in common is that they are both death by cultsther)
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To: Jonty30

That sounds like an interesting moment on the show. I can’t find the reference online though.


19 posted on 05/10/2020 11:48:40 AM PDT by Bogey78O (So far so good.)
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To: BeauBo

Nice time for some old-School Persians to take back their country.


20 posted on 05/10/2020 11:48:42 AM PDT by Ouchthatonehurt
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