Iran adopts new currency, called "Parsi"

Discussion in 'International News' started by Mani, Jul 24, 2011.

  1. Mani

    Mani BigSoccer Supporter

    Joined:
    Aug 1, 2004
    Club:
    Perspolis
    Country:
    Iran
    A Parsi will be the equivalent of 0.87 USD.

    http://www.uskowioniran.com/2011/07/parsi-to-replace-rial-as-national.html


  2. ceezmad

    ceezmad Member+

    Joined:
    Mar 4, 2010
    Location:
    Chicago
    Club:
    Chicago Red Stars
    Country:
    United States
    is inflation under control, or will they do this again in 10-20 years?
  3. mak9

    mak9 Member

    Joined:
    May 21, 2005
    Location:
    Toronto, Canada
    Club:
    Real Madrid
    It's funny how Iran calls itself an islamic nation, when inflation itself is against the religion!
  4. JBigjake

    JBigjake Member+

    Joined:
    Nov 16, 2003


  5. mak9

    mak9 Member

    Joined:
    May 21, 2005
    Location:
    Toronto, Canada
    Club:
    Real Madrid
    Re: Iran proposes new currency, called "Parsi"

    you mean 1 parsi = 10 USD?

    or 10 parsi = 1 USD
  6. JBigjake

    JBigjake Member+

    Joined:
    Nov 16, 2003
    Iran proposes new currency, called "Parsi"

    street value ;)
  7. mak9

    mak9 Member

    Joined:
    May 21, 2005
    Location:
    Toronto, Canada
    Club:
    Real Madrid
    Re: Iran proposes new currency, called "Parsi"

    lol maybe :p

    however with the debt ceiling dilemma, it might be 1 to 1 ;)
  8. tomwilhelm

    tomwilhelm Member+

    Joined:
    Dec 14, 2005
    Location:
    Boston, MA, USA
    Club:
    Fulham FC
    Country:
    United States
    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... ;)
  9. JBigjake

    JBigjake Member+

    Joined:
    Nov 16, 2003
    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.
  10. Iranianfootie

    Iranianfootie BigSoccer Yellow Card

    Joined:
    Sep 8, 2009
    Club:
    Manchester United FC
    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.
  11. Mani

    Mani BigSoccer Supporter

    Joined:
    Aug 1, 2004
    Club:
    Perspolis
    Country:
    Iran
    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
  12. tomwilhelm

    tomwilhelm Member+

    Joined:
    Dec 14, 2005
    Location:
    Boston, MA, USA
    Club:
    Fulham FC
    Country:
    United States
  13. JBigjake

    JBigjake Member+

    Joined:
    Nov 16, 2003
  14. Mani

    Mani BigSoccer Supporter

    Joined:
    Aug 1, 2004
    Club:
    Perspolis
    Country:
    Iran
    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.
  15. tomwilhelm

    tomwilhelm Member+

    Joined:
    Dec 14, 2005
    Location:
    Boston, MA, USA
    Club:
    Fulham FC
    Country:
    United States
    Re: Iran proposes new currency, called "Parsi"

    You have completely failed to comprehend the point (and global economics 101).
  16. ceezmad

    ceezmad Member+

    Joined:
    Mar 4, 2010
    Location:
    Chicago
    Club:
    Chicago Red Stars
    Country:
    United States
    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.


    [​IMG]
  17. tomwilhelm

    tomwilhelm Member+

    Joined:
    Dec 14, 2005
    Location:
    Boston, MA, USA
    Club:
    Fulham FC
    Country:
    United States
    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.
  18. ceezmad

    ceezmad Member+

    Joined:
    Mar 4, 2010
    Location:
    Chicago
    Club:
    Chicago Red Stars
    Country:
    United States

    4 Sure; but I think many Americans feel that a default would stick it to the Chinese the most :rolleyes:

    I think Social Security has about 2 Trillion invested on US Securities.
  19. Real Corona

    Real Corona Moderator Staff Member

    Joined:
    Jan 19, 2008
    Location:
    ----> Wisconsin <------
    Club:
    FC Metalist Kharkiv
    Country:
    Montserrat
    I thought we all learned that in 1929.
  20. vagegast

    vagegast Member

    Joined:
    Sep 25, 2004
    Location:
    Herndon, VA
    Club:
    AFC Ajax
    Country:
    Netherlands
  21. Mani

    Mani BigSoccer Supporter

    Joined:
    Aug 1, 2004
    Club:
    Perspolis
    Country:
    Iran
    [ame="http://www.youtube.com/watch?v=Xd9BlpR759A"]CNN Report 20 Aug 2011 - Iran's economic reforms - YouTube[/ame]

Share This Page