The Watchman On The Wall

The Watchman On The Wall
Eph 6:12 For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places. Verse 13 Wherefore take unto you the whole armour of God, that ye may be able to withstand in the evil day, and having done all, to stand.

Tuesday, April 17, 2018

Iranian Currency Collapses; Les effondrements de la monnaie iranienne

Image result for Iranian Rial

Friends, the Central Bank of Iran is not doing a very good job!

Iranians were lining up Monday, April 9th 2018 to try and purchase foreign currencies after the rial hit an all-time low against the US dollar.
The rial was trading at 62,000 to the dollar, an 18 percent drop since Saturday, 7 April which was the first working day after the Persian new year, when many people travel abroad.
Iranians were lining up Monday to try and purchase foreign currencies after the rial hit an all-time low against the US dollar.
The rial was trading at 62,000 to the dollar, an 18 percent drop since Saturday, which was the first working day after the Persian new year, when many people travel abroad.
Iran brings in some $75 billion a year in foreign currency, mostly from crude oil exports, which resumed after the 2015 nuclear deal. But the country remains largely cut off from international financial networks because of US sanctions.

The local currency has been weighed down by fears the Trump administration will withdraw from the nuclear deal and impose new sanctions. Watch the video below.

https://www.youtube.com/watch?v=bLW4KgKDo1o&feature=push-u-sub&attr_tag=xBKVfTDf5Lwp564i-6

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