Iran Introduces 100000-Rial banknote Amid Inflation Warnings

Tapesh
by Tapesh
22-Jun-2010
 

Iran will double the denomination of its largest banknote to 100,000 rials ($9.98), Central Bank Governor Mahmoud Bahmani said.

The Persian Gulf country will print at least 150 million of the new notes and distribute them over three months, starting June 22, Bahmani was cited as saying today by the state-run Mehr news agency.

The issuance of the notes won’t increase the inflation rate, he said.

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divaneh

Delivered on promises

by divaneh on

They said from the day one that they were going to bring the oil money to every household. Now instead of 5000 tomans notes you got 10,000 tomans notes in your pocket. We should not stop until every Iranian is a millionaire.


Veiled Prophet of Khorasan

Re: Iran 1979 vs. Iran now

by Veiled Prophet of Khorasan on

 

Yes but now we get to be the first to scream Palestine. We got to take hostages. We get to do "arbade keshi" about every Arab cause. Where are your priorities. Didn't Arabmard set you straight?

We got likes of Fatima and Molla ready to got to Gaza. We get to fight to the last Iranian for save the Arabs. We get to be invaded by Arabs. We get to turn around and champion their causes.

We get to be called racist and Nazi if we dare mention Iran. Didn't Darveesh; Arabmard and Molla make it obvious to you? God you people seem to actually put Iran first; a crime IRI would never accept.


Irani Irani

Iran 1979 vs. Iran now

by Irani Irani on

In 1979, Iran's GDP per capita was 50th in the wrld. Currently, it is either 68th or 71st. How's that for progress, Rapist Regime style?


amgw4

They need a $20 note too

by amgw4 on

Everything in Tehran is as expensive as in the US. I went to a hamburger place and ordered four meals and it came out to $30. it's hard to pay with the $5 notes they currently have and those $50 / $100 cheque things are annoying.


Anonymouse

Sorry my mistake. In March just 3 months ago $1 was 99,000 rials

by Anonymouse on

Everything is sacred


Majid

FYI

by Majid on

 

 

As of this morning $1 = 1040 "Tumbaans" OR 10400 Rls, so it's closer to

$9.98


Anonymouse

100,000 rials = $10.04 not $9.98

by Anonymouse on

Everything is sacred


comrade

Poetic economy!

by comrade on

And, if you think the economical aspect of this tragedy is in the news, then think again.

 

Never late to learn....http://davidharvey.org/reading-capital/