Article

2012-04-09 Syria-Lebanon-Iran

Iran's official inflation climbs to 21.5 pct

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Posted by trailing wife 2012-04-09 00:00|| || Front Page|| [7 views ] Top

#1 the Iranian rial now has an official exchange rate of about 12,000 rial to one US dollar (during the the time of the Shah it was about 70 rial to the dollar).

The street exchange rate is somewhere between 18,000 and 24,000 to the dollar.

Given the situation, Iran will be trying to re-normalize their currency this year or next.

Posted by lord garth 2012-04-09 08:14|| 2012-04-09 08:14|| Front Page Top

#2 Probably the official inflation stats are as honest as the west's ones.

Posted by Bright Pebbles 2012-04-09 19:58|| 2012-04-09 19:58|| Front Page Top

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