Dinar Daily
Welcome to Dinar Daily Discussions.

Logging in with your USERNAME allows you to participate in discussions, see what has recently been posted, and other options. Guests can post but they do have limited abilities.

We are NOT a guru forum. We are a dinarian forum. The opinions expressed on the forum do not reflect the of opinion of Dinar Daily specifically, but rather reflect the views of the individual posters only.


We are in compliance with, "Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."

Get Daily Updates of the NEWS & GURUS in your EMAIL

Enter your email address:

David L on the Rial DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

David L on the Rial

Go down

David L on the Rial Empty David L on the Rial

Post by Ponee on Tue Sep 01, 2015 6:51 pm

David L. wrote:

9/1/2015 05:05:51

Iran's currency was never high, matter of fact the highest it ever was, was when it depegged from the Pound and peg itself to the Dollar in early forties.

At that time it was less than 1/2 a penny. Prior to sanctions it was even less. Currently, its somewhere around 25,000 : 1 compared to 1120 : 1 with the IQD.

The IRR (rial) was never for last century worth anything other than a penny. While the IQD (dinar) has seen an average rate of $1.50 -$2.30 over said time frame.

I personally, can't see the IRR joining the international trade with anything near a rate of $3.00. Its one thing for the IQD to resume trade with a rate near its prior value and another to assume Iran's rate would go from prior( non sanctioned rate ) of less than 1/2 penny to $3.00.

David L.


Posts : 35406
Join date : 2011-08-09

Back to top Go down

David L on the Rial Empty Re: David L on the Rial

Post by Kevind53 on Tue Sep 01, 2015 11:17 pm

Not to mention is is still illegal for a US citizen to own Rials.

Trust but Verify --- R Reagan Suspect

"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18

 David L on the Rial 2805820865  David L on the Rial 2805820865  David L on the Rial 2805820865  David L on the Rial 2805820865
Super Moderator
Super Moderator

Posts : 27215
Join date : 2011-08-09
Age : 20
Location : Umm right here!

Back to top Go down

Back to top

Permissions in this forum:
You cannot reply to topics in this forum