Article

2018-07-27 Syria-Lebanon-Iran

Iran replaces central bank chief as economy faces crisis

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Posted by Fred 2018-07-27 00:00|| || Front Page|| [14 views ] Top
File under: Govt of Iran

#1 Abdolnasser can conjure money from air?

Posted by g(r)omgoru 2018-07-27 07:02|| 2018-07-27 07:02|| Front Page Top

#2 crisis facing the country’s economy.

And why would that be? Didn't they get > a billion delivered at the airport a short time ago?

Posted by AlanC 2018-07-27 07:59|| 2018-07-27 07:59|| Front Page Top

#3 about 44,000 Rial per dollar on the official rate this morning

Rial has lost about 35% in value over the past 12 months (again per official rate). Over the past 10 years, the Rial has lost about 75% of its value (again per official rate).

The blackmarket exchange rate is probably closer to 90,000 rial to a dollar today.

As far as foreign assets held by Iran, that is something of a mystery. The govt of Iran reports that it has over $100B in foreign currency, notes and gold but whether that is true and how much of it is held by the republican guards, the religious centers, etc. is unknown.

Per AlanC's comment, the funds the US gave them in cash and gold in 2016 probably amounted to about $1.7 billion. Likely as not, most of these funds were distributed to the various power players with a few dollars spent on some public projects for show.

Posted by lord garth 2018-07-27 09:11|| 2018-07-27 09:11|| Front Page Top

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