There are many expectations that the Iranian rial will grow and that will rie over the value of the US dollar. All of the people who are interested in doing this, buying the rial and waiting the value to rise, trust that the investment in Iranian rial is a god and solid ground investment. There were talking that investment in Iranian rial is a scam and lie. But, despite this people are still buying it and are holding the physical currency that is often purchased through the private dealers at a markup and are pointing to specific claims as justification for buying. So, sure you are asking is this thing about investing in Iranian rial true or lie. First of all, there will be revaluation of the Iranian rial and its value will rise over the US dollar is one thing the people are saying and other said that this is not possible and that it is not even counted to happen. Next, we will speak about the low value of the Iranian rial that is continuing to fall down. In recent weeks the value of the Iranian rial has fallen significantly, after the characteristics of the US and its European allies to impose sanctions on Iran's central bank, as well as an embargo on oil imports from that country.
Compared to December 2010, the value of Iran's currency has fallen by 80 percent, when the "black market" for one dollar could get about 10,700 rials.
This week, the dollar stood at 18,500 rials.
In recent days the citizens of Iran alarmed sharp rise in commodity prices by about 10 percent, which is a consequence of instability in the domestic markets of gold and foreign exchange.
Al-Ashak is attributed to changes in the market gold and foreign exchange mismanagement of some government bodies and called for stricter control of commodity prices and exchange rates of foreign currencies.
Iranian authorities announced last week that the bank will raise interest rates to a level of 21 per cent in order to cope with the instability of the national currency and the consequences of sanctions.
Compared to December 2010, the value of Iran's currency has fallen by 80 percent, when the "black market" for one dollar could get about 10,700 rials.
This week, the dollar stood at 18,500 rials.
In recent days the citizens of Iran alarmed sharp rise in commodity prices by about 10 percent, which is a consequence of instability in the domestic markets of gold and foreign exchange.
President of the Chamber of Commerce of Tehran Yahya al-Ashak dismissed fears about the lack of foreign currency reserves in Iran and said that the Islamic Republic has 120 billion dollars and 907 tons of gold reserves.
He said that Iran bought gold last few years at an average price of $ 600 per ounce, and that the current price of gold nearly tripled, announced the semi-official Mehr news agency.Al-Ashak is attributed to changes in the market gold and foreign exchange mismanagement of some government bodies and called for stricter control of commodity prices and exchange rates of foreign currencies.
Iranian authorities announced last week that the bank will raise interest rates to a level of 21 per cent in order to cope with the instability of the national currency and the consequences of sanctions.
SO it is all up to you to decide are you going to invest in Iranian rial or not. There are good and bad sided to this, but in actual point everything has a risk and so does this. The future possibilities of growing and rising of the Iranian rial and Iranian industry and economy are showing a good point of the investing in their currency. So no more words needed. Go through the last information and do some research and then decide if you will or will not
invest in Iranian rial.
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