Iranian Rial Hits Record Low Against U.S. Dollar

Posted by WillyNilly1997

1 Comment

  1. The dollar has actually been performing pretty good the past several years. People who expected it to do poorly forgot to consider the countries we’re up against, or thought their *Ministry of Information* press releases were real life.

    >Continuing the steep decline of the Iranian rial, the U.S. dollar surpassed the 234,000-toman mark in Iran’s free market on Thursday, September 10. Concurrently, rates for the euro, British pound, gold, and gold coins recorded significant increases.

    No joke a pocket full of USDs is a super power in much of the world. All our enemies are carrying USD right now. Grocery stores don’t deal in gold and neither does the typical wholesaler.

    >Surging exchange rates directly drive up the cost of imports, raw materials, and production, threatening a new wave of inflation across consumer goods and essential services.

    Most countries do not have the resources of a continent. Some vital function just wouldn’t exist without imports, so when they can’t trade they can’t continue. Blockades were universal finishing moves until recently, and our enemies typically aren’t on board with the recent world.

Leave A Reply