#Rial Iranian currency

[chawsl]

[n4tural1]

Fun Fact! Maximising the length, Jeff Bezos' wealth could be converted into a ladder made of coins that is 591,084,000,000,000m in length! This comes from converting Jeff Bezos' 210.6 billion USD into the most worthless currency, the Iranian rial. This equals 8,866,260,000,000,000.00. By converting Iranian Rial into Iranian Denarius, that amount is multiplied by 100. This equals 886,626,000,000,000,000 Iranian silver Denarius. A silver denarius is 2mm in width, this equals .002 meters. Multiplying 886,626,000,000,000,000 by .002 gives you a pole made of coins 21mm in diameter and 1,773,252,000,000,000m in length! However, this is a pole and not a ladder. In order to make this pole into a ladder, the pole needs to be halved, making two poles. However, this is just 2 identical poles instead of a ladder, and in order to have a functioning ladder, the total length of the rungs must be equal to the height. This means that one must divide 1,773,252,000,000,000m by 3, equaling 591,084,000,000,000m! For reference, the sun is 152.08 Million km away, that's 152,080,000,000m, meaning this ladder would reach the sun and back 1943.3324566 times!

[beardedmrbean]

DUBAI, United Arab Emirates (AP) — Iran announced Monday that the country's supreme leader has pardoned more than 22,000 people arrested in the recent anti-government protests that swept the Islamic Republic. There was no immediate independent confirmation of the mass release.

The statement by Iran's judiciary head Gholamhossein Mohseni Ejehi offered for the first time a glimpse of the full scope of the government's crackdown that followed the demonstrations over the September death of 22-year-old Mahsa Amini, who had been detained by the country's morality police.

It also suggests that Iran's theocracy now feels secure enough to admit the scale of the unrest, which represented one of the most-serious challenges to the establishment since the aftermath of the 1979 Islamic Revolution. Tens of thousands also were detained in the purges that followed the revolution.

However, anger still remains in the country as it struggles through the collapse of the nation’s currency, the rial, economic woes, and uncertainty over its ties to the wider world after the collapse of Tehran’s 2015 nuclear deal with world powers.

The state-run IRNA news agency quoted Ejehi as announcing the figure Monday. Iranian state media had previously suggested Supreme Leader Ayatollah Ali Khamenei could pardon that many people swept up in the demonstrations, ahead of the Muslim holy month of Ramadan, when the pious fast from dawn to dusk. Ramadan starts later next week.

Ejehi said a total of 82,656 prisoners and those facing charges had been pardoned. Of those, some 22,628 had been arrested amid the demonstrations, he said. Those pardoned had not committed theft or violent crimes, he added. His comments suggest that the true total of those detained in the demonstrations is even greater.

In February, Iran had acknowledged “tens of thousands” had been detained in the protests. Monday's acknowledgment from Ejehi offered an even higher than what activists had previously cited. However, there's been no mass release of prisoners documented in recent days by Iranian media reports or activists.

More than 19,700 people have been arrested during the protests, according to Human Rights Activists in Iran, a group that’s been tracking the crackdown. At least 530 people have been killed as authorities violently suppressed demonstrations, the group said. Iran has not offered a death toll for months.

“From day one there was no transparent accounting of who was arrested and imprisoned — before or after the mass protests these past months — which is why there’s no way to verify how many are being released now,” said Jasmin Ramsey, the deputy director of the U.S.-based Center for Human Rights in Iran.

“We also know that more than five months after the death of ... Mahsa Amini in state custody, not a single Iranian official has been held accountable for the mass killings of street protesters, nor the arbitrary imprisonments of tens of thousands.”

The judiciary's announcement also came ahead of next week's celebration of Nowruz, the Persian New Year. On Tuesday, some in Iran also mark nearly 4,000-year-old Persian tradition known as the Festival of Fire that's linked to the Zoroastrian religion. Hard-liners discourage such celebrations, viewing them as pagan holdovers.

There had been calls for anti-government protests around both events. While mass demonstrations have cooled in recent weeks, nightly chants against Iran's theocracy can still be heard in some neighborhoods of Iran's capital, Tehran.

The announcement followed a major development last week, when Iran and Saudi Arabia said on Friday that with China's mediation, they agreed to reestablish diplomatic ties and reopen embassies after a seven-year freeze in relations. That agreement could help aid an end to the yearslong war in Yemen, which sees a Saudi-led coalition battle the Iranian-backed Houthi rebels who hold its capital, Sanaa. It has also helped boost the rial in recent days against the dollar.

Meanwhile, Belarusian President Alexander Lukashenko visited Tehran and met Monday with his Iranian counterpart, Ebrahim Raisi. Iran has been supplying the bomb-carrying drones that Russia now uses in its war on Ukraine. Lukashenko, the authoritarian leader of Belarus, remains close to Russia, which used Belarusian territory to launch Moscow's invasion of Ukraine.

Lukashenko said his country and Iran would sign an unspecified set of deals valued at $100 million.

Iran “opposes external pressure, attempts to impose someone else’s will," Lukashenko said, addressing his hosts. "And how, in spite of everything, you develop modern technologies and nuclear energy. And, as we decided today with the president of Iran, we can be very useful to each other if we truly unite our efforts.”

[santro]

World's most and least valuable currencies

World's most valuable currency is Kuwaiti Dinar. World's least valuable currency is Iranian Rial.

1 Kuwaiti Dinar = 3.27 US Dollar = 274.24 Indian Rupees = 137503.27 Iranian Rial

[depictae]

10 Interesting Facts About Iran

Discover 10 interesting facts about Iran, known for its ancient civilization, Persian carpets, rich cultural heritage, and stunning architectural marvels.

Basic Information About Iran Country Full Name: Islamic Republic of Iran Continent: Asia Official Language: Persian (Farsi) Currency: Iranian Rial (IRR) Capital: Tehran Main Dish: Chelow Kebab Famous For: Ancient history, Persian carpets, poetry, architecture, and oil reserves. Size: 1.648 million square kilometers Population: Approximately 83 million Name Meaning: The name “Iran” means…

[economicsabout]

How much money is there in the world?

For such a rigidly enforced resource, this is an incredibly difficult question to answer. There are so many facets that must be considered when evaluating “money”. For the purpose of consistent figures, throughout this brief exploration, everything will be equated to the US Dollar. The US Dollar is the most popular currency in the world. It is an official currency in 5 US territories and an additional 7 sovereign countries. Many countries around the world accept the US Dollar alongside their own currency and it can be easily exchanged everywhere else.

In the United States, there is a number called “M0” that represents all of the minted money (coins and bills) in domestic circulation. This number is projected at around $1.5 trillion. However, New York city alone has over $3 trillion in private wealth. What this means is that the vast majority of money in the United States, and likely the rest of the world, is immaterial, digital.

Worldwide, M0 is projected at around $5 trillion. This is the sum of all the minted money of all currencies in circulation. However, the figure that we may be more interested in can be referred to as “broad money” or M3. This figure accounts for all funds in checking, savings, and money-market accounts; it’s essentially all digital money owned by anyone, anywhere. This figure runs much, much higher with an estimated $80 trillion in worldwide funds.

There are three more numbers of minor interest that should at least be acknowledged. The combined Gross Domestic Product of all countries is projected at $142 trillion. Currently, the world owes about $220 trillion in debt and the world’s total property value is somewhere around $220 trillion as well. While these astronomical figures could really throw a wrench in our answer, for all intents and purposes, let’s just use the nice round figure of $80 trillion, as it most closely fits the definition of how much “money” is in the world. Now, what would that number look like if we considered more than just the US Dollar?

There are 180 currencies in the world that are recognized by the United Nations. Of these 180, the most valuable currency is the Kuwaiti Dinar. Used primarily in Kuwait, an oil-rich country in Southwest Asia, one Kuwaiti Dinar (KD) has the equivalent value of $3.24. Therefore, in Kuwaiti Dinar, the total value of all currency in the world is just 24.7 trillion KD. Amazingly, all four of the world’s most valuable currencies come from the Arabian Peninsula. They are, the Kuwaiti Dinar, the Bahrain Dinar, the Oman Rial, and the Jordan Dinar respectively.

On the flip-side, right next door, Iran has the world’s least valuable currency. One US Dollar has the equivalent value of 41,994 Iranian Rial (IRR). Therefore, in Iranian Rial, the total value of all currency in the world is an unfathomable 3.36 Quintillion IRR. That number looks like this: 3,360,000,000,000,000,000. The smallest bank note printed in Iran is worth 100 IRR which has the equivalent value of about ¼ of a cent. There is also a 100,000 IRR note ($2.38).

The Vietnamese Dong (VND) prints the bank note in current circulation with the highest denomination, 500,000 VND. However, the Vietnamese Dong is the second least valuable currency in the world. One US Dollar is worth 23,194 VND. Therefore, even a bank note worth 500,000 VND has the equivalent value of just $21.56.

The currency with the highest banknote denomination in history was the Zimbabwean Dollar (ZWD), which went out of circulation in 2009 as its value plummeted. In an attempt to cope with a plummeting currency, the Zimbabwean government printed a banknote with a denomination of 100 trillion ZWD. At the time, this was only worth about $0.40. Therefore if we equate the estimated $80 trillion that exists in the world today to the extinct Zimbabwean Dollar, the total value of all currency on Earth is about 20 octillion ZWD. That number looks like this: 20,000,000,000,000,000,000,000,000,000. If you printed that much money in 500 ZWD notes, the volume of the notes would be approximate to the volume of the Earth itself.

So the short answer to the question “How much money is in the World?” is $80 trillion. But perhaps the most important thing to take away is the notion that all money is imaginary and holds imaginary value. So depending on how economically liberated one is feeling, the world’s currency can have as much or as little value as one prescribes it.

[iqdbuy]

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[ashkanbayatpour]

Continuing Long-Term Financial Sanctions against Iran

When Joe Biden, then a presidential candidate, outlined his foreign policy objectives to Foreign Affairs in 2020, he asserted, “it is past time to end the forever wars.” This referred to the prolonged and costly engagements the United States experienced in Afghanistan and Iraq. At the same time, Biden spoke of diminishing the importance of the Middle East in American military strategy and reducing boots on the ground across the region.

However, the Biden Administration largely stayed the course in its approach to countering and containing Iran while supporting nascent democratic movements in the country. In November 2021, Secretary of Defense Lloyd J. Austin III delivered a major policy speech in Bahrain that emphasized a US commitment to preventing Iran’s acquisition of a nuclear weapon, by diplomatic channels if possible, and with a look at “all options on the table” should that fail to keep America secure.

One longstanding plank in this strategy has involved freezing Iranian assets. In November 1979, President Jimmy Carter signed an executive order under the International Emergency Economic Powers Act (IEEPA) in response to the Iranian Revolution and overthrow of the US-backed Shah. This order froze all interests and property of the Iranian government under US jurisdiction or in control or possession of US persons. While billions of dollars were subsequently released in 1981 as part of the Algiers Accords, which enabled the release of US Embassy workers in Tehran, various sanctions have been in place.

From 2009 to 2017, the Obama Administration employed the National Emergencies Act and IEEPA-authorized sanctions as a pressure point in forcing Iran to scale back its nuclear program and negotiate. Foreign institutions and companies that delivered material support to Iran’s financial system, even though processing Iran-tied transactions, were at risk of being excluded from the US financial system, which drives much of global commerce.

In response, foreign banks holding Iranian foreign exchange reserves froze Iran’s access. Subsequent requests by Iran for payments or transfers were denied (even in cases where transactions would be technically allowed under humanitarian trade exemptions. The effect weakened Iran’s currency and the rial and exposed the country to balance payment risks. This made it challenging for Iranian companies to conduct business abroad and for parties to make foreign direct investments.

There have been some reprieves to this scenario over the past decade. In 2014, an interim nuclear accord with Germany, Britain, Russia, China, France, and the United States enabled the repatriation of $4.2 billion in Iranian oil revenues held in foreign accounts.

The following year, the signing of the Joint Comprehensive Plan of Action (JCPOA) enabled Iran access to $100 billion in international assets in return for significant reductions in its nuclear program. However, in 2018, incoming president Donald Trump reimposed the majority of these US sanctions while engineering a withdrawal from JCPOA, citing a lack of cooperation on nuclear curtailment.

By the end of 2020, Iran’s foreign exchange reserves totaled $115.4 billion, with the International Monetary Fund (IMF) estimating that only $12.2 billion of that amount was readily accessible. Japan and South Korea, which have traditionally purchased much of their oil from Iran, hold such reserves in significant quantities. They are also held by Iraq, which depends on its neighbor for electricity, and by countries such as the UAE, Turkey, Germany, India, and China.

The current sanctions seem to be in place for the long haul. In September 2023, Iranian oil revenue valued at $6 billion was set to be freed up for humanitarian uses as part of a prisoner swap deal set to release five American hostages. Unfortunately, the following month, the terrorist group Hamas launched attacks on Israel, and the deal was suspended. While the Biden administration did not accuse Iran of having been directly involved in the attacks, the White House emphasized that Iran’s decades-long policy of funding and training Hamas operatives makes it complicit in the attacks.

[jobaaj]

Do you know of Iran's famous 1,000 year old Rayen Castle? It's a great historical monument, the second largest adobe monument in the world, a UNESCO World Heritage Site, and it's on SALE!!

You read that right.

19 of Iran's historical cultural treasures are being put on lease for 26 years for business development to help the country in its troubled times. But what kind of trouble is the Islamic country facing?

🛑 In February 2023, the Iranian rial experienced a significant decline, with an exchange rate of around 600,000 rials to the dollar. This sharp currency devaluation exerted immense pressure on the country's import bills.

🛑 Consequently, inflation surged above 50%, reaching approximately 53% in recent reports, leading to a staggering increase in food prices of around 70%!

🛑 The country has been witnessing ongoing protests, ignited by the unexplained death of Mahsa Amini while in the custody of Iran's notorious 'Morality Police.' This tragic incident prompted hundreds of women to take to the streets, boldly discarding the mandatory hijab.

🛑 These protests have persisted for over 200 days, fueled by dissatisfaction with the government's actions. Sadly, the government's attempts to suppress the unrest have resulted in a reported death toll of over 750 people, failing to extinguish the flames of dissent.

🛑 Adding to Iran's challenges, it has been subjected to severe sanctions imposed by the US since 2018, causing a significant economic slowdown due to reduced energy exports and trade.

How badly is the Iranian economy in need of funds?

Very badly. The country, which currently produces around 1 million barrels of oil per day, won't be able to meet it's arrears even if it produces and sells 3 million barrels per day!!!!

Iran is unable to pay for senior citizens' pensions as 55% of senior citizens don't receive pensions while 35% of them live below the poverty line!!

This forces us to ask the question: Will History and Culture be the collateral damage of Iranian politics??🔻🔻

https://www.linkedin.com/posts/casakshamagarwal_globaleconomy-iran-currency-activity-7064916137435611136-bj5s?utm_source=share&utm_medium=member_desktop

[swldx]

Voice of America 0341 13 Mar 2023

6080Khz 0300 13 MAR 2023 - VOICE OF AMERICA (UNITED STATES OF AMERICA) in ENGLISH from PINHEIRA. SINPO = 45333. English, @0300z “News via remote” read by Tommy McNeil. North Korea fired two “strategic cruise missiles” from a submarine off its east coast, state media reported Monday, a day after Pyongyang warned of a “powerful” response to U.S.-South Korea military drills that begin this week. UK Prime Minister Rishi Sunak will spend an extra 5 billion pounds ($6 billion) to replenish ammunition stocks and fund the next phase of a submarine pact with the United States and Australia in an update to Britain's foreign policy framework. Meeting U.S. President Joe Biden and Australian Prime Minister Anthony Albanese, Sunak will want to underline that the increase in spending will only bolster the AUKUS pact. Russia's advance seems to have stalled in Moscow's campaign to capture the eastern Ukrainian city of Bakhmut, a leading think tank said in an assessment of the longest ground battle of the war. The Washington-based Institute for the Study of War said there were no confirmed advances by Russian forces in Bakhmut. Russian forces and units from the Kremlin-controlled paramilitary Wagner Group continued to launch ground attacks in the city, but there was no evidence that they were able to make any progress, the ISW said. The U.S. government took extraordinary steps Sunday to stop a potential banking crisis after the historic failure of Silicon Valley Bank, assuring depositors at the failed financial institution that they would be able to access all of their money quickly. Silicon Valley Bank began its slide into insolvency when its customers, largely technology companies that needed cash as they struggled to get financing, started withdrawing their deposits. The bank had to sell bonds at a loss to cover the withdrawals, leading to the largest failure of a U.S. financial institution since the height of the financial crisis. Iran's top diplomat claimed Sunday that a prisoner swap was near with the U.S., though he offered no evidence to support his assertion. The U.S. immediately dismissed his comments as a “cruel lie.” Iranian Foreign Minister Hossein Amirabdollahian has made similar comments in the past about possible deals with the U.S. on frozen assets abroad and other issues that never came to fruition. Some of those remarks have appeared aimed at shoring up domestic support amid the mass protests challenging Iran's theocracy and supporting the country's troubled rial currency. Suspected Mexican drug cartel members on Thursday handed over five purported henchmen as a would-be apology for the abduction of four Americans in the border city of Matamoros, according to media and a source familiar with the investigation. Two of the Americans and a Mexican woman died after gunmen opened fire on the U.S. citizens shortly after their arrival in Matamoros on Friday. The four Americans were found on Monday on the edge of the city, by which time two of them were dead. @0305z "Daybreak Africa" begins. MLA 30 amplified loop (powered w/8 AA rechargeable batteries ~10.8vdc), Etón e1XM. 100kW, beamAz 138°, bearing 82°. Received at Plymouth, United States, 10777KM from transmitter at Pinheira. Local time: 2200.

[wafact]

Iran’s Crypto Rial Project Enters Trial Phase – Finance Bitcoin News

The pre-trial stage of the project to introduce a digital Iranian rial has been completed successfully, the country’s central bank announced. The authorities in Tehran plan to expand the use of the state-backed currency and integrate it into Iran’s payment system. Iranian Government Prepares to Trial Its Digital Currency The project to issue a digital version of the Iranian national fiat, also…

[parolim-prlm]

Free-falling rial leaves Iranians worried about financial future | Economy News

Tehran, Iran – People out shopping for groceries are double-checking prices, comparing between shops, and sometimes having to choose what they are going to have to do without this week. It is a process that has been going on for months as the prices of basic goods rise and the rial, Iran’s currency, continues its nosedive. And people are worried. “I work over 12 hours a day driving around town in…

[hostor-infotech]

Free-falling rial leaves Iranians worried about financial future | Economy News

Tehran, Iran – People out shopping for groceries are double-checking prices, comparing between shops, and sometimes having to choose what they are going to have to do without this week. It is a process that has been going on for months as the prices of basic goods rise and the rial, Iran’s currency, continues its nosedive. And people are worried. “I work over 12 hours a day driving around town in…

[reportwire]

Iran rial plunges to new lows amid unrest, international isolation By Reuters

© Reuters. A U.S. one-dollar bill is seen against four 10000 Iranian rial bills in an exchange shop in Tehran, Iran December 25, 2022. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS DUBAI (Reuters) – Iran’s currency fell to a record low against the U.S. dollar on the unofficial market on Sunday, amid the country’s increasing isolation over its disputed nuclear programme, human rights…

[mubashirnews]

Iranian currency rates for February 9

BAKU, Azerbaijan, February 9. The Central Bank of Iran (CBI) announced an official rate of foreign currencies on February 9, Trend reports referring to CBI. According to the currency exchange rate of the Central Bank of Iran, 22 currencies increased and 16 have decreased in price, compared to February 8. According to CBI, $1 equals 42,000 Iranian rials and 1 euro equals 45,085…