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Iran mulling change in monetary structure

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stonej

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Nov 30, 2008, 6:16:52 PM11/30/08
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http://www.thenational.ae/article/20081201/FOREIGN/868792528/1011/SPORT

Arizona Coin Collector

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Nov 30, 2008, 10:54:33 PM11/30/08
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"stonej" <sto...@mail.lib.msu.edu> wrote in message
news:629c76a7-e914-40a6...@k36g2000yqe.googlegroups.com...

> http://www.thenational.ae/article/20081201/FOREIGN/868792528/1011/SPORT

Hello

Wow! 30 percent inflation rate.


---- snip ----

Iran's inflation rate has approached 30 per cent
in recent months. The rise in inflation has
greatly devaluated the Iranian currency. A
10,000 rial note now has the purchasing power
equal to 200 rials, one 50th of its original
value in 1973, when the note was introduced.

---- snip ----


note.boy

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Dec 1, 2008, 5:18:48 AM12/1/08
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"Arizona Coin Collector" <nos...@nospam.com> wrote in message
news:Td-dnRJ3VMhgwq7U...@earthlink.com...

Using an inflation calculator $10,000 in the USA in 1973 would have the
buying power of about $2,000 in 2007, the Iran rate is ten times that of the
USA, a 50th. versus a fifth.

Considering the state Iran has been in for many years just ten times worse
than the USA is a great result. Billy


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