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Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed. |
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#1 |
StraightBro
Industry Role:
Join Date: Aug 2003
Location: Monarch Beach, CA USA
Posts: 56,229
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Iran stops using US dollar in response to Donald Trump's 'Muslim ban'
This is why you don't ban people from entering your country based on religion. This is just another unneeded distraction. Trump never should have said minority religions (christians, etc.) get priority status to enter America from the 7 banned Muslim countries.
How much worse is this going to get? --- Central Bank decision fraught with risk for Iran?s oil revenues, analysts say. The Iranian government will no longer use the US dollar in official statements or for financial reporting, local media has reported. The governor of the Central Bank of Iran, Valiollah Seif, made the announcement on Friday, adding that the country would switch to another common foreign currency or a basket with a ?high degree of stability? for all financial and foreign exchange reports. The decision will go into effect at the beginning of the new fiscal year in March. Iran does hardly any trade with the US thanks to decades of economic sanctions. The rial saw record lows against the dollar after Mr Trump?s election victory, plunging to 41,600 to the dollar at the end of December. It is unclear whether the Central Bank will now pick up the Euro or currencies of trade partners China, Russia, Turkey, Azerbaijan or Iraq. Iran?s most important export - oil - is priced in US dollars, which could complicate the proposed changes. Exchanging currencies on expected oil revenues of $41 billion (£32 billion) this fiscal year could jeopardise earnings, analysts have said. Iran to stop using US dollar in response to Donald Trump's 'Muslim ban' | The Independent |
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#2 |
So Fucking Banned
Industry Role:
Join Date: Jul 2016
Posts: 4,613
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Butthurt much?
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#3 |
Confirmed User
Join Date: Feb 2003
Location: DeltaHell
Posts: 3,216
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They are not stopping using dollars....they are just not using the word in reports - read a little better
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#4 |
It's 42
Industry Role:
Join Date: Jun 2010
Location: Global
Posts: 18,083
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That's really biting the bullet the US dollar is at record high prices in FOREX.
They used to say years ago that crude oil was worth 1/10 the gold price per ounce -- ain't anymore. There has to be a monetary basis of some sort. |
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#5 |
Jägermeister Test Pilot
Industry Role:
Join Date: Dec 2001
Location: NORCAL
Posts: 73,109
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And thus it begins.
__________________
“The choice is no longer between right or left. The choice is between normal and crazy.” - Sarah Huckabee Sanders YNOT MAIL | THE BEST ADULT MAILING SOLUTION |
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#6 |
BACON BACON BACON
Industry Role:
Join Date: Nov 2002
Location: Poems everybody, the laddie fancies himself a poet
Posts: 35,457
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Hmm...some other leaders in recent history also stopped using the us dollar...anyone know their names?
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#7 |
So Fucking Banned
Industry Role:
Join Date: Jul 2015
Location: elmer blackwood mansion
Posts: 1,459
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Glad to see it. Nice move, Iran.
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#8 |
Trump!
Industry Role:
Join Date: Feb 2011
Location: Rent free in Bladewire's head
Posts: 6,442
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Good
What good has Iran done for this world? AMERICA FIRST |
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#9 |
Too lazy to set a custom title
Industry Role:
Join Date: Oct 2002
Location: Punta Cana, DR
Posts: 29,586
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#10 |
Leaner, Meaner, Faster
Industry Role:
Join Date: Aug 2002
Location: Vegas
Posts: 20,959
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I'm guessing they will use every dollar of that 1.3 BILLION dollars that former Pres. Obama sent them in CASH on airplanes last year.
But if they really want to stop using the U.S. dollar...they are welcome to send that ransom money back to the U.S. ![]() |
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#11 |
Too old to care
Industry Role:
Join Date: Jun 2001
Location: On the sofa, watching TV or doing my jigsaws.
Posts: 52,943
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A country opposed to America, opposes America. Get real folks.
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#12 |
Confirmed User
Join Date: Feb 2003
Location: DeltaHell
Posts: 3,216
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Jeez ya'll are fucking stupid...they are not stopping using the dollar...they are stopping using the term "dollar" when they write and print reports. They still use the currency - just report it in a different currency terms.
Amazing that no one actually reads the news...just hears what they want to if it fits their own agenda ![]() |
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