Med's chat 12:33 PM 4/3/2011 (Another one)

Med's chat 12:33 PM 4/3/2011

Peek says to (12:33:33):
By Iran contemplating removing the zero's, is a positive for us as well, things are moving in the right direction

guardian says
iran is probably suffering from hyper-inflation unlike iraq

Med said
IT IS NOT HYPER....BUT IT HAS RISEN STEADILY EVERY YEAR

NOW THIS WOULD BE A PROBLEM WITH IRAQ

SINCE THEY HAVE SOME TRADE

IT WOULD THEN PUT THE DINAR WITH LESS PURCHASING POWER

AND THE IRAN WITH MORE

WHICH IT IS OBVIOUSLY NOT

SO IRAQ POSSIBLY WOULD HAVE TO COUNTER THIS

THERE IS NO WAY THE IRANIAN CURRENCY IS OF THE SAME VALUE AS THE DINAR

AND THE ONLY WAY TO BALANCE IT WOULD BE FOR IRAQ TO ALSO REMOVE 3 ZERO'S

IT IS JUST SIMPLE ECONOMICS

OK ALL DONE

ArlingtonAZ says

thanks Med always good to hear your take on it
jtaylor says

thank you med

tork says
ty Med

Med says
YW

I AM POPPING IN AND OUT

TRYING TO GET STUFF DONE AT HOME

AND FOLLOW UP ON ISSUES DURING THE DAY

guardian says
that's why i think 'directly' will come soon

Med says
I DO TOO GUARDIAN

WAY TOO MANY ISSUES FANNING THE FIRE

I MEAN MAJOR ONES
PUT THE PARLIAMENT AND THE GOVT ASIDE

THEY ARE JUST INEPT

BUT OUTSIDE FACTORS

OR INSTITUTIONS LIKE THE IMF....WTO....WB....AND GCC

ARE ALL MAKING A PUSH

AND THE ONLY SEMI NOT INEPT INSTITUTION

CBI IS INVOLVED WITH THOSE NEGOTIATIONS

AND I SEE THAT NOW MALIKI IS SAYING THAT THEY WILL BE DONE WITH 99% OF ALL PROMISED ISSUES

TO THE PEOPLE WITHING THE 100 DAYS

WITHIN

SORRY

GANG SOMEONE AT THE DOOR

BBIAB

Peek says to (12:33:33):
By Iran contemplating removing the zero's, is a positive for us as well, things are moving in the right direction

guardian says
iran is probably suffering from hyper-inflation unlike iraq

Med said
IT IS NOT HYPER....BUT IT HAS RISEN STEADILY EVERY YEAR

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Iran Inflation end-of-period

The Inflation end-of-period in Iran was reported at 8.00 percent change in 2009, according to the International Monetary Fund (IMF). In 2015, Iran's Inflation end-of-period is expected to be 10.00 percent change. Data for inflation are end of the period; not annual average data. In 2009, Iran's economy share of world total GDP, adjusted by Purchasing Power Parity, was 1.19 percent. In 2015, Iran's share of world total GDP is forecasted to be 1.11 percent. This page includes a chart, historical data and forecast for Iran's Inflation end-of-period.



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Iran Consumer Prices Index average

The Consumer Prices Index average in Iran was reported at 347.50 in 2009, according to the International Monetary Fund (IMF). In 2015, Iran's Consumer Prices Index average is expected to be 607.22 . Data for inflation are averages for the year; not end-of-period data. The index is based on 2000=100. In 2009, Iran's economy share of world total GDP, adjusted by Purchasing Power Parity, was 1.19 percent. In 2015, Iran's share of world total GDP is forecasted to be 1.11 percent. This page includes a chart, historical data and forecast for Iran's Consumer Prices Index average.



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