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#1
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Iran to change currency value
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#2
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stonej wrote:
http://www.finance24.com/articles/ec...8-1785_1761504 Does this mean they're not going to nuke us now? -- Bob |
#3
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Will they take the opportunity to introduce a new toman, worth 100 old ones?
This will make the new toman worth 11 cents, of nine tomans to the US dollar, or 7.5 (+/-) euros. Tony "stonej" wrote in message oups.com... http://www.finance24.com/articles/ec...8-1785_1761504 ----== Posted via Newsfeeds.Com - Unlimited-Uncensored-Secure Usenet News==---- http://www.newsfeeds.com The #1 Newsgroup Service in the World! 120,000+ Newsgroups ----= East and West-Coast Server Farms - Total Privacy via Encryption =---- |
#4
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I would like to see them concentrate
on more mundane things like this and forget about their nuclear program. |
#5
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stonej wrote:
I would like to see them concentrate on more mundane things like this and forget about their nuclear program. That program being just one of the many similar reasons for the decline of the rial, of course. How much did it cost the government of Iran to hang on to that oil rich Khuzestan region, which was part of "Persia" only by default -- and "de fault" is with the Versailles Treaty (of course) which carved up the old Ottoman Empire, but failed to acknowledge Khuzestan, Kurdistan, and half a dozen other places that people still fight about. Balkanizaton would have been a blessing. Well, that did not happen. So, we have these greater glory of the greater state people greatly building and using weapons which produce no income. And they wonder why their currencies are weak. But hey, who remembers gas at 24.9? The dollar is only sliding somewhat less quickly. I always thought that gold would make a good form of money. It is rare, but not excessively so. It is durable, homogenous, malleable, easy to test for. I think the world could use a good, stable currency that is independent of politics, but, hey, I am just a coin guy. |
#6
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Mike Marotta wrote:
I always thought that gold would make a good form of money. It is rare, but not excessively so. It is durable, homogenous, malleable, easy to test for. I think the world could use a good, stable currency that is independent of politics, but, hey, I am just a coin guy. And just how is gold independent of politics? -- Bob |
#7
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"Mike Marotta" wrote
I always thought that gold would make a good form of money. It is rare, but not excessively so. It is durable, homogenous, malleable, easy to test for. I think the world could use a good, stable currency that is independent of politics, but, hey, I am just a coin guy. Mike, there's a reason that all of the First World countries run their currencies/economies by a central bank/fiat currency system. It works, it allows for growth and it smooths out the business cycle somewhat. I've read much of what the gold bugs say and while I have some metals as part of my diversified portfolio, I think most of their ideas are narrow-minded and wrong. John |
#8
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In article .com,
"Mike Marotta" wrote: stonej wrote: I would like to see them concentrate on more mundane things like this and forget about their nuclear program. That program being just one of the many similar reasons for the decline of the rial, of course. How much did it cost the government of Iran to hang on to that oil rich Khuzestan region, which was part of "Persia" only by default -- and "de fault" is with the Versailles Treaty (of course) which carved up the old Ottoman Empire, but failed to acknowledge Khuzestan, Kurdistan, and half a dozen other places that people still fight about. Balkanizaton would have been a blessing. Khuzestan was never part of the Ottoman Empire. It has been part of Persia, or Iran, since prehistory, despite sporadic Arab invasions and a large Arabic population. Kurdistan has a valid claim to be a country, but not Khuzestan. -- Bob Underhill Delete everything in CAPS to reply by email |
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