Entry Submitted by MenoReno at 6:42 PM EDT on August 5, 2019
According to the Friday night update from TNT quoting the current rates, not only were the banks still saying the Iranian Rial was in the first basket, but it was showing at a ridiculously high rate.
At first, this seems to make little sense because of the current political situation. But think about it. This could be another hammerlock on them equivalent to another sanction.
Now, while there are nowhere near as many Rial holders as dinar, or probably even Rupiah, there still must be a considerable amount outside of Iran worldwide. I bought some after the Obama-Kerry denuclearization agreement went through.
That agreement was abrogated by Trump. Everyone then thought the Rial was off the table. But the banks are saying different this close to GO time. They're even saying they are taking all the zim, according to Tony.
So, if the Rial goes at a high rate, Iran is under further obligation to honor its currency, even overseas. That's likely to be in the billions of dollars. And that equates to another sanction.
MenoReno
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All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2019 Dinar Chronicles
According to the Friday night update from TNT quoting the current rates, not only were the banks still saying the Iranian Rial was in the first basket, but it was showing at a ridiculously high rate.
At first, this seems to make little sense because of the current political situation. But think about it. This could be another hammerlock on them equivalent to another sanction.
Now, while there are nowhere near as many Rial holders as dinar, or probably even Rupiah, there still must be a considerable amount outside of Iran worldwide. I bought some after the Obama-Kerry denuclearization agreement went through.
That agreement was abrogated by Trump. Everyone then thought the Rial was off the table. But the banks are saying different this close to GO time. They're even saying they are taking all the zim, according to Tony.
So, if the Rial goes at a high rate, Iran is under further obligation to honor its currency, even overseas. That's likely to be in the billions of dollars. And that equates to another sanction.
MenoReno
______________________________________________________
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we'll forward your request to the author.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2019 Dinar Chronicles
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