tuff shit - In March, Hezbollah’s leader, Hassan
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Posted On: 07/31/2019 6:53:39 PM
tuff shit - In March, Hezbollah’s leader, Hassan Nasrallah,
went on TV and made a public appeal for donations,” Hook noted.
“Hezbollah has placed piggy banks in grocery stores and in retail
outlets seeking the spare change of people.” < >
Iran’s Central Bank announced Wednesday that the nation would rename the national currency, the rial, as the “toman” and “delete four zeros” from its value.
The move follows months of intense American sanctions on Iran’s oil industry and mimics a similar move to bolster the bolívar currency in Venezuela.
“The council of ministers, at a meeting presided by President Hassan Rouhani this morning, approved the central bank’s proposed bill to change the national currency from the rial to the toman and delete four zeros,” the Iranian Islamic regime said in a media statement, according to the government news outlet PressTV. As the reevaluation of the currency must pass through the dictatorship’s rubber-stamp legislature, it will not be confirmed until a final vote in the Iranian parliament.
The U.S.-funded Radio Farda reported last week that point-to-point inflation in Iran hit a record high that week at 48 percent, increasing at a slightly slower rate than it had in recent months but nonetheless significantly impacting the average Iranian’s ability to buy basic food and household goods.
“According to estimates made by the Iranian Statistical Center, a quarter of the income of an Iranian family is spent on foodstuff and beverages,” Radio Farda noted. “The increase in the price of food has been higher, nearly twofold, compared with other goods and services.”
In cutting zeros from the value of its national currency, Iran has adopted the policies of close ally Venezuela. Dictator Nicolás Maduro announced in March 2018 that, in response to the collapse of Venezuela’s economy after two decades of socialism, his government would cut three zeros from the value of the bolívar.
“I have decided to remove three zeroes from our currency and take all current currency out of circulation and instead implement a new currency with three fewer zeroes,” Maduro announced. Maduro ultimately removed five zeros, not three, and introduced the confusing “sovereign bolívar,” which triggered chaos at Venezuelan banks, as Maduro had also introduced a cryptocurrency, the “petro” recently to stabilize the economy.
Last month, Venezuela printed a 50,000-bolívar note to help citizens buy products, as their value has become too high to carry the necessary amount of money for purchases in a wallet. It is not clear at press time if the bolívar currently in circulation is the original or the “sovereign” variety.
went on TV and made a public appeal for donations,” Hook noted.
“Hezbollah has placed piggy banks in grocery stores and in retail
outlets seeking the spare change of people.” < >
Iran’s Central Bank announced Wednesday that the nation would rename the national currency, the rial, as the “toman” and “delete four zeros” from its value.
The move follows months of intense American sanctions on Iran’s oil industry and mimics a similar move to bolster the bolívar currency in Venezuela.
“The council of ministers, at a meeting presided by President Hassan Rouhani this morning, approved the central bank’s proposed bill to change the national currency from the rial to the toman and delete four zeros,” the Iranian Islamic regime said in a media statement, according to the government news outlet PressTV. As the reevaluation of the currency must pass through the dictatorship’s rubber-stamp legislature, it will not be confirmed until a final vote in the Iranian parliament.
The U.S.-funded Radio Farda reported last week that point-to-point inflation in Iran hit a record high that week at 48 percent, increasing at a slightly slower rate than it had in recent months but nonetheless significantly impacting the average Iranian’s ability to buy basic food and household goods.
“According to estimates made by the Iranian Statistical Center, a quarter of the income of an Iranian family is spent on foodstuff and beverages,” Radio Farda noted. “The increase in the price of food has been higher, nearly twofold, compared with other goods and services.”
In cutting zeros from the value of its national currency, Iran has adopted the policies of close ally Venezuela. Dictator Nicolás Maduro announced in March 2018 that, in response to the collapse of Venezuela’s economy after two decades of socialism, his government would cut three zeros from the value of the bolívar.
“I have decided to remove three zeroes from our currency and take all current currency out of circulation and instead implement a new currency with three fewer zeroes,” Maduro announced. Maduro ultimately removed five zeros, not three, and introduced the confusing “sovereign bolívar,” which triggered chaos at Venezuelan banks, as Maduro had also introduced a cryptocurrency, the “petro” recently to stabilize the economy.
Last month, Venezuela printed a 50,000-bolívar note to help citizens buy products, as their value has become too high to carry the necessary amount of money for purchases in a wallet. It is not clear at press time if the bolívar currently in circulation is the original or the “sovereign” variety.
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