A Parsi will be the equivalent of 0.87 USD. http://www.uskowioniran.com/2011/07/parsi-to-replace-rial-as-national.html
Iran proposes new currency, called "Parsi" Soon enough, the unofficial exchange rate will be 10 to the dollar ...
Re: Iran proposes new currency, called "Parsi" lol maybe however with the debt ceiling dilemma, it might be 1 to 1
Re: Iran proposes new currency, called "Parsi" I'm sure the global markets are THIS close to dropping the dollar and making the Parsi the global benchmark currency...
Iran proposes new currency, called "Parsi" Well, it looks like Pres. Obama has resolved the debt crisis, for now. Iran's economy is a greater risk to implode first, given its current leadership.
Re: Iran proposes new currency, called "Parsi" I agree the leadership is much more corrupt/inefficient in Iran than in the United States. However, Iran is not in debt. The US economy runs on credit...while pretty much everything in Iran is done via cash. So, as weird as it sounds, I would actually bet on the US imploding before Iran (at least economically)..politically, is a different matter.
Re: Iran proposes new currency, called "Parsi" Are you sure about that? Stocks plunge - Dow's 6th-worst loss Iran discovers $133 bln gas field
Re: Iran proposes new currency, called "Parsi" And do you know where all the money went as people fled stocks? US Treasuries.
Iran proposes new currency, called "Parsi" The mullahs will find a way to screw it up, as they have done with everything else. Now, you can wear that "World's Largest Source of Natural Gas" t-shirt with pride! http://www.cafepress.com/+natural_gas_value_tshirt,80950086 [ame="http://www.youtube.com/watch?v=MYcEPvNylLw"] World's Largest Source of Natural Gas - YouTube[/ame]
Re: Iran proposes new currency, called "Parsi" Which is at the mercy of the China, Japan, Russia, and Brazil who hold the 47% of the U.S. Treasury securities.
Re: Iran proposes new currency, called "Parsi" You have completely failed to comprehend the point (and global economics 101).
It looks like 33% for foreign governments + 13% foreign private investments; the single largest holder is the Fed, so if we default we hurt our selves.
I think my point, and the point of that graph is: if we default, it hurts EVERYONE. Why? Because we are the rock to which everyone clings in the storm.
4 Sure; but I think many Americans feel that a default would stick it to the Chinese the most I think Social Security has about 2 Trillion invested on US Securities.
IMF actually praises Iran for its recent economic reforms, which have moved away from heavy subsidization of things such as food and gas. http://www.imf.org/external/np/sec/pn/2011/pn11107.htm
[ame="http://www.youtube.com/watch?v=Xd9BlpR759A"]CNN Report 20 Aug 2011 - Iran's economic reforms - YouTube[/ame]