How Iran's Elections Sent the Rial Into Freefall
ฝัง
- เผยแพร่เมื่อ 16 ก.ค. 2024
- Get Nebula using my link for 40% off an annual subscription: go.nebula.tv/tldrnewsglobal
On Friday, Iranians went to the polls to elect their new legislature and Assembly of Experts. While the results were never in doubt, the Iranian rial fell to an all-time-low. In this video, we take a look at the currency crisis, why it got worse over the weekend, and why it's unlikely to get better anytime soon.
🎞 TikTok: / tldrnews
💡 Got a Topic Suggestion? - forms.gle/mahEFmsW1yGTNEYXA
Support TLDR on Patreon: / tldrnews
Donate by PayPal: tldrnews.co.uk/funding
Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.
TLDR is a completely independent & privately owned media company that's not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can't wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!
////////////////////////////////////////
1 - www.bourseandbazaar.com/news-...
2 - www.bourseandbazaar.com/artic...
3 - www.aljazeera.com/economy/201...
4 - www.bonbast.com/graph
5 - www.aljazeera.com/economy/201...
6 - amwaj.media/media-monitor/ira...
7 - www.iranintl.com/en/202311158208
8 - www.iranintl.com/en/202311158208
9 - www.iranintl.com/en/202311158208
10 - www.iranintl.com/en/202403027899
11 - www.iranintl.com/en/202403027899
12 - amwaj.media/media-monitor/ira...
13 - amwaj.media/media-monitor/ira...
14 - www.stimson.org/2024/survivin...
15 - www.bonbast.com/graph/usd
16 - www.iranintl.com/en/202403020459
17 - www.iranintl.com/en/202403020459
18 - amwaj.media/media-monitor/ira...
19 - www.washingtoninstitute.org/p...
20 - www.ft.com/content/c2e621aa-d...
21 - www.stimson.org/2024/how-low-...
22 - www.theguardian.com/world/202...
23 - amwaj.media/article/deep-data...
00:00 - Introduction
00:59 - Iran's Currency Crisis
04:43 - Iran's Recent Elections Explained
06:56 - Why the Crisis is Only Going to Get Worse
07:51 - Sponsored Content
"Is a theocratic dictatorship a good idea?"
"Not rially."
You mean the communist dictatorship, because those who led the Iranian revolution of 1979 were communists who were very sympathetic to Palestine.
Elections in Iran is a joke 😂😂😂
I'm borrowing this joke.
It's the worst idea possible. Period
Specifically the people in power would say otherwise. Conveniently.
Almost every single time.
From what I have seen not even 1 person from my close to distance family members are voting, 41℅ is probably double the real number, they are even showing ads on how voting is good and people just laugh at it here
Dear mozdor, let's assume you're not another Arab doing cyber work in riadh, that's different between city and county , you're fed up and got bored so you just want hijab to be removed.
@@MrMalmir here is this, I am a man and you don't care probably, I can't find a job, you still don't care probably, the work i have doesn't pay well, you still don't care probably, my dad is working when he is like 70 since he can't retire normally since the law doesn't allow it, you still don't care, we are renting a house and the price for thee next year will go up, you still don't care, at one point you have to undrestand the situation is not because USA only, miss management, Corruption, and lies alone can destroy countries. I love Iran, I love this country but I don't like the current state. داری بهم میگی مزدور ولی به نظرت اگه بین افردای که توی اینترنت میبینی بیشترشون یه چیزو میگن، شاید تو داری اشتباه به بحث نگاه میکنی شاید واقعا به حرف بقیه هم باید گوش کنی
@@leovi2
Let's assume you're telling the truth,last year movement shows people who are struggling financial problem aren't looking for a riot to join, they're busy making money and need stability in the country to economy grow but mobs who revolt last year were looking for freedom of night clubs,mixed beach, concert etc arresting a women without proper hijab triggered em.
@@MrMalmirYou're such a sad and simple man, government propaganda keeps you distracted from real problems
How much do they pay you to spread lies Mr Sandisi?
@@MrMalmir
Goes to show that you can't cheat basic economic principles unless you can convince people to go against their own economic interest, which very few countries have been successful in doing. Tip: you have to make people believe they were "free" to choose to go against their own interest.
Republican voters: hold my beer.
Yeahh ig that's whyy CA is in such a fiscallly amazing state right , what a 🤡 you are @@williamkarbala5718
As long was the leaders are rich I don’t think they care
Ask Turkey, saying God told you to ignore economic principles isn't going to go well.
@@williamkarbala5718Because low unemployment is bad?
TLDR news covers those stories the mainstream media ignores. Thanks TLDR news!
The mainstream media hasn't ignored this story at all, Reuters, BBC, CNN, Bloomberg, the Guardian, Al Jazeera and more have all covered this story extensively.
@@gabrieldsouza6541 The problem is that they are all subject to restrictions when reporting from inside Iran - there are certain red lines you cannot cross there. VICE tried to bend those lines, and ended up getting kicked out of the country.
Absolutely, my point is that the mainstream media isn't ignoring the issue. Many of them cover Iran extensively and the idea that TLDR has better coverage from London than major outlets that are actually in the country is laughable. @@souvikrc4499
Yep with a strong establishment. Liberal military industrial complex shilling bias..wrapped up in faux piety 😂🤡🤡
With lies cuz their problem their is the embargo pressuring economy to beyond breaking point!
Iran election makes Pakistan election look like free and fair.😂
almost---
Let's ask Imran Khan 😂
@@jameschalkwig787 or Russia, China, Cuba for that matter.
@@ABHYUDAYSARKAR and the UK. We are locking up political opponents now.
Lol Pakistan elections are examples of failed state which businessmen made dozen of party and sold their nations to foreign power. 😂😂
This is bad, even in the USSR where you had to vote for 1 party candidate. If you have below 50% it automatically disqualify the candidate.
The funny thing is that the communists were the ones who led the Iranian revolution in 1979🤣😂
@@salem353
Yea it wasn't Islamic originally it was many groups but the islamists under Khomeini wan the power struggle in the aftermath and consolidated the Islamic state
@@nicbahtin4774 Islam is allied with communism not only in the Middle East but also in the West.
Google says 1 dollar is about 42,000 rials. Am I missing something?
@@konstantinosskarmoutsos5935 That's the official rate. No one uses it, the real rate is the unofficial one.
👍 good prospective, as an iranian I'm impressed how close you hit the mark on that update...🙌 nice work...
You didn't mention that any person who works for a government organization is forced to vote here. A huge number of those voters wrote nothing on that paper.
btw can you make more videos about Iran and it's future?
Iran is a gone case...>Why bother?
@@JitzyJT just curious to know how my country could collapse. I'm sure it's gonna affect lots of other countries though.
@@SuSTR7 best of luck, dude. Make sure you have stocks of canned food. It's very unclear what timeline for potential collapse exists, but given that it's on the table you want to be at least minimally prepared.
شما عمدا با سهوا اطلاعات اشتباهی منتشر میکنید. هیچ کس در ایران اجبار به رای دادن نیست.
@@SuSTR7are you Muslim
Great work, guys! Thanks for covering the issue.
P.S. The supreme leader's name is Kha-me-ne-ei not Kho-mei-ni, he died in 1989
As we say in farsi, a yellow dog is the brother of the wolf(they are all the same)
سگ زرد برادر شغاله
I caught that too!
@@alexissvetrev are you live in dog country?
@@brokenheart_2024_ no gladly i dont live where khameni is
Is that Iranian for Potahto Potato?
It’s like, being a militarily hostile theocracy with some of the worst human rights violations in the world isn’t good for business unless you have oil.
They have oil. This isn't about human rights. Its about American hegemony
@@bloodfiredrake7259 no it's about barely treading water when you promote loyalty over competence every time. Corruption happens in every country but it's low in most large economies because as Dwrussell said its bad for business, even with oil it's not great but just barely treading water.
@@bloodfiredrake7259which is what you get when you are a militarily hostile theocracy
@@bloodfiredrake7259 LOL good one, not
Thank god for renewable revolution
I would also point out the Rial has been in a pretty poor state since the 1990s at the least.
Nah, they are against America so they cant export anything due to sanctions but at least their buildings are not built on blood of their own kinds like those in Qatar and Saudi😂😂😂
Declining since 1979. Must be a coincidence
@@mightybagrutlord cause the failed coup attempt by Western power led to their government being sanctioned and all those sanctions is transfered to their people. You know how terrorizists work and they work similarly lel
Goes to show that unlike people, you can’t trick an economy.
You can it just required deep intelligence. Despots arnt known for that.
I have a large family ( Considering we can be a town by ourselves that might be an understatement)
I do not know a single person who voted on Friday.
41% turn over? lol At best it was 10%. In many cases, the white vote was number one in all candidates.
Iran can put any number on election. Most likely 10% or 15% people voted.
You Iranians followed the communists in 1979 and now you are paying the price. Don’t you know that Islam is allied with communism?
either way the regime holds on to power...that's all they care about.....the less turnout the better
@@JitzyJT No man rules alone brother.
When a rule loses the heavenly mandate, Its rule will collapse.
That is the way of heaven.
As Sabaton says:
It's the nature of time that the old ways must give in.
It's the nature of time that the new ways come in sin.
@@danushairan?
Brazil saudi arabia yemen and iran having a currency called rial for some reason. Brazilian real saudi riyal the yemeni rial and the iranian rial lol
All come from the Latin regalis, meaning king or royalty. In English this became the word regal.
@@jayleaf201 That's a pretty cool fact! I thought only the dinar is based on a Latin word (denarius).
@@this_is_patrick Speaking of, dinar is also used as a currency name in multiple countries: Kuwait, North Macedonia, Serbia, and Tunisia if I remember correctly.
All of these countries took the name from the Portuguese real, which was an important currency for these regions back in the day.
Brazil is a former colony of Portugal, while the trade empire of Portugal took a hold in Arabia (they i.e. conquered Oman, a former sea trade giant of the region). Nowadays Portugal may be small, but it was once a major power on the oceans around the globe.
@@jayleaf201 also the word royal itself, which came from French roy.
imagine another country's money being worth 600,000 of yours
If it was stable it would be fine, (yen to US dollar as an example) but when you get paid for doing work and within a month it lost 40% of its value, you know your currency is worth less than monopoly money at that point.
at least every Iranian is a millionaire now. that what democracy can do for you
The Haitian Gourde has better exchange rate with the dollar than the Iranian Riad. How baffling is that?
Damn, would a single rial buy a crumb of bread.
@@johnbennett757 cheapest sangak bread is about 100,000 riyal
Waiting for a video for egypt's current, currency crisis :)
The similarities to Argentina pre-Milei. They followed the same playbook....a recipe for distaster
Yup…the multiple exchange rates…the exchange rate specifically to pocket exporter money…looks oddly familiar
Stopping publishing data is always a great sign of confidence... 🤣
I appreciate this coverage. Complete blindspot to me. I didn't think Iran faced any imminent economic issues aside from the prospect of the US and allies striking oil export infrastructure (seems unlikely, but it's been tossed around).
lindsey graham would touch himself on national television if that happened
Impossible. This would send global oil prices soaring, make markets very uncertain, and contribute to a new inflationary round in the West.
Higher oil prices would also benefit Russian export revenues.
@@thedutchfoxxx American politicians don't care
They would starve their entire population as long as they can pocket money from the military industrial complex
When Your the 2 most sanctioned country in the world your oil is the least of your problems
Oh man, the US is the biggest ally and sponsor of the Iranian government. They love it! The more disruption in the African continent the more that the nearby countries have to buy weapons and rockets from guess who! USA
Exchange bureaus: there’s massive inflation.
Iran: no
Bureaus: wdym, no?
Iran: I am resetting exchange rates.
Bureaus: we’re still gonna trade at market rates, yk that, right?
Iran: that is illegal.
Stonks
Thank you for covering this.
He just lied to thousands of people and told them that Iran has “elections”
thank you for this information
Minor point but you should not say “Unfortunately for the Ayatollahs”. They are not affected by economic hardship. The people of Iran are the ones who suffer
Amazing analysis, really accurate. Thanks a lot for the great work.
"Assembly of Experts". That's a tell!
In reality, they are all yes-men representing various political cliques.
That must be the most intelligent group of experts around 😅
Name of current supreme leader is Khamenei, not Khomeini.
Hamenei.
🤣
True, but having the successor being named nearly identical for foreigners isn’t helping here.
@davidgantenbein9362 Yes, i can understand the confusion here. Most older clerics surname is their city of origin plus "ie" or ی meaning "of the". For example, khomein (خمین) is a city in markazi province, and khamene (خامنه) is in east Azerbaijan. In persian names are not as similar as you might think, but the words خ and ن are present in names of both cities. In any case, tldr should pronounce the name correctly.
@@valevisa8429
Are you Turkish?
love the minecraft imagery for good ❤
If these sorts of governments had spent more time trying to order their own house and less time trying to destroy other countries and blaming them for all their problems, imagine how much better the world could be... I wish the Iranian people to get a more deserving government soon.
This comment should be pinned
It is important to recognize that the disorderly nature of their own house (and foreign policy) is intentional. Iranian regime (but not its "normal" people) strives in "controlled chaos" within and outside its borders. The blaming part is just a metaphorical (and rhetorical) puppet show where both the producers and the audience know that the puppets are not real actors, the producers insist that puppets are real, and the viewers are not enjoying the show nor the continued lies.
The Iranian elite ensure that these two conditions are met: (1) Maximizing kleptocracy without stealing too much to the point of standing out too much against other elites. (2) Making sure that the people who are being squeezed further and further are being kept under control, so that the kleptocratic acts may continue.
Honestly, as much bad things someone may have made in the past, we can't only accuse him for our current state, but also ourselves. This implies to all humans around the world and mainly the anti western countries. Germany and Japan emerged from rubbles, soviet union raised and collapsed and some countries are still speaking about the bad collonialist French
Exactly. Iran is too worried about destroying iraq, syria, yemen etc by planting its terrorist proxies that's why nobody in the middle east likes them. The only people championing iran are muslims living in the west.
Iran should be a rich country.
But when you let blood thirsty magicians run the show...
Damn this disctatorship. We are the people of Iran and our voice must be heard!!
Hope you'll get your freedom as soon as possible
Go and vote. Long live Iran 🇮🇷
So why you overthrowed the shah? Why you didn't stop the usauk to overthrow the democratically elected government by people in 1953?
What kind of government you want? = Disco dancer government!!!
@@farahmo4519 Vote?! The election here is a joke. You have to choose between Islamic extremists.
Could be a paradise. Imagine the tourism potential alone. Archeology and Shiraz.
Thanks for covering this up. I feel so sorry for the Iranian people who deserve to be free and self-determined instead of surpressed and ripped off by this middle age corrupt narrow minded selfish dictators in the name of religion.
Appreciated this video, many thanks!
That is such an exact information of what's going on in Iran. I am living here so I know. So great job on doing such a through research
Great work as always, just a side note. Rial losing its value isn't just bad news for the Ayatollahs, actually I'm pretty sure this doesn't effect them that much, it's bad news for the people living in Iran who are getting poorer each day. they're the victims not the corrupt Ayatollahs.
As always.
Hi
I,m writing my opinion about this video and topics in it, as someone who currently lives in Iran and i,m a economy student in university.
1) our economy has 4 main problems :
1:TAX : only the poorest people have to pay taxes and most of rich people don't pay a dollar, mostly dou to lack of laws, for example: a simple worker in factory with a monthly wage of about 170 dollars per month, must pay about 4 dollars as tax (1 dollar: 600,000 rilas)
BUT doctors and Layers with income more than 1700 dollars in month can avoid any taxes with just simply not reporting their income. This has to be fixed immediately.
2:ENERGY subsides : 1 liter of gasoline ( benzin) is just 5 cents!!! I,m not kidding it,s cheaper than bottled water in Iran. Not in any neighbouring country price is close to it , for example in Pakistan 1 liter of gasoline is about 0.7 - 1 dollar. This price both encourages smuggling and over consumption. Natural Gas is another example, we have 2nd largest reserves in the world and 3rd largest production , BUT we still have a deficit of 450 millions cubic meters in day , mostly dou to over consumption. And everything else have subsides too , like electricity, bread and more.
When you put subsides in consumption you have to face it,s problems, rich people can consum without thinking but most people don't have a car at first to use gasoline and it,s subsides, life is that cheap in Iran that it attracted over 10 million illegal immigrant . And lots of security problems as well.
3: Printing Money : dou to the previous problems, we have budget deficits and government has to print money , but beside that ,there are lots of private banks that can print as much money as they want and nobody bother them, again dou to lack of proper laws.
4: Sanctions: I put it at the end , cus i know it has the least effect on us , we are 45 years under Sanctions and we have our ways , but it,s still bothering. At worst case scenario sanction caused 10% of our economy problems. Our problems is from within not outside.
2) when you have inflation and have to print money, while you insist in fixed exchange rates , it,s like spring, when the pressure is at the most , it releases it,s energy, that's what happing in Iran , every one can see it coming, just look at the volume of money in economy today and one year ego , it,s obvious that you will have like 40-50% inflation. BUT USA media knew it was coming so they gain some political favors in people's Eyes and say , they have inflation cus we Sanctioned them more . They really milk the situation without doing anything. There is nothing and no one left to be sanctioned in Iran but they still use it to gain popularity.
3) cus of the problems i wrote about , people in Iran , especially the youngest are tired , so in the last election, most people demanded the candidates about our major problems to be fixed , that,s why about 150 of 290 members of our parliament will be made of new faces who promised to fixes thes problems. We had a two party system like USA as mentioned in this video, Hardliners and reformists , who both rule over us in the last 45 years . We are tired of old faces, so when other parties like SobheIran came to the politics, people voted for them and not the previous parties. For example the head of reformists in Tehran , didn't even came to the first 60 people in election, so they lost it and now they are saying government didn't let us in, those layers .
At the end , sorry for taking your time and my average English.
University Student of International Politics from Pakistan here. Very interesting take. May both our Countries change for the better.
سلام بر ایران از پاکستان
Small correction: you don’t have a two party system, you have a one supreme leader system. The supreme leader controls the assembly that decides on who can be elected at all. He just leaves you with two different, but approved flavors.
@@shujah9746 Inshallah.
علیکم السلام از ایران به پاکستان
@@davidgantenbein9362 let me say it in another way , we had two major parties that mostly competed with each other .
Here is our political structure in Iran :
1)Supreme Leader: who controls the armed forces and can order government and parliament if it,s needed.
2) Council of experts: they will be elected by people and must supervision on current supreme leader and choose the next one from the council if current one dies or has lost his required parameters.
3) government: a president is chosen by people's vote and must appoint ministers , which they have to get a majority vote in parliament. They have the budget and run near all of the country.
4) parliament: their members are chosen by people's votes and must supervision the government and all the other organizations in Iran , must approve minister and government budget and most importantly, make or change laws .
5) guardian council : they must approve the candidates for all the elections by the laws that parliament authorized and check if new laws in parliament doesn't cross the red lines in Islam. Members are chosen by supreme leader
This political structure isn't perfect but all parts of it, supervision each other and people supervision all of them .
The guardian council only rejects candidates by laws , that passed in parliament and parliament members do not do anything to lose votes , so no on is rejected for nothing , they had a problem certainly.
For example in the last election, 25.000 people candidate for parliament and 15.000 of the passed . Only a handful number of people have a problem with being rejected.
These news that one person runs a whole country is just a propaganda, bc if they say all the members in parliament and president and supreme leader is chosen by people, then the enemy in iran would be most of the people, not just a person. If one person runs a country, why there are about one election in Iran from 1979 forward. We even choose the council and mayor of our cities. If it isn't a democracy, why it isn't?
all of that is true, but the sanctions do way more damage than you stated. the inability to trade your resources properly thus relying on few countries and having practically no country making investments in your country is the biggest factor. why do you think iran was booming under the shah? it was because it was an american puppet state and because of that was sanctionless.
Good reporting!
Iran has economy or election??🤣🤣🤣
No, it has neither.
Iran is the 16th economic country we may have been struggling recently but don't you dare to underestimate us
@@user-oj8sh7ur4xyour economy is smaller than Czech Republic.
اره (کصمادرت)@@user-oj8sh7ur4x
@@user-oj8sh7ur4x go to IMF or World Bank and read Iran economy with 60% inflation and 35 million under poverty line. You live in your dream.
Something dimitwitted Islamists don't understand is that tightening your iron grip leads only to more pressure in the long term.
Europe will be Iran 2.0 in 20 years 😂
Who would you blame for the failed economies of Argentina and Zimbabwe - the Islamists? How about them still standing strong despite forty years of ridiculous sanctions? Btw, some of the richest nations are the Gulf islamist states and yes you can cry about it.
@@CosmopolitanCaliph My comment made no claim on economics.
@@bloodfiredrake7259 Your comment made a claim on politics and it turned out to be hilariously wrong.
Turkish lira also went down and took Iranian currency with it since Turkey is the biggest black market partener of Iran !
Nah turkish condition is much worse than that of Iran as their eco is heavily relied on european corporates so they are basically shackled and when eu eco went down it pushes on to turkey, aame for japan
Good shit
When I was there in 1967 the exchange rate was 75 Rials to 1$. That's not a typo - 75 IRR exchanged for one dollar. Now it's 600K!
Excellent summary of the situation.
We expect a 10x fuel cost increase after iranian new year around late March early April which may trigger another round of protests but terrorists will be terrorists and wont give power up that easily.
Welp what u expect from totalitarian state
1l fuel currently costs less than 1l water bottle in a supermarket. Of course they should increase the fuel price to adjust for inflation, they should have adjusted the fuel prices much sooner
No way 41% voted . They have to be inflating the number .
Why you think Iran is like France ?
@@MrMalmir Because it's a theocratic, totalitarian hellhole, unlike France. France is flawed, but I'll take any European country over fuckin Iran lmao
That's what they always do
@@MrMalmir Because Iran is a theocratic, totalitarian hellhole.
@@MrMalmir my comment keeps getting deleted
Iran is not like France. France is flawed, sure. But Iran is a theocratic, totalitarian nightmare.
Explaining the symptoms of deeper problems that aren't mentioned.
The deepest problem is mullahs.
Great video. A small note, rial is the equivolent of cents, Toman is the currency people normallÿ use. 1 usd = 60k toman which is crazy since 10 years ago i remember. Exchanging for around 1 usd = 3k tomans so 20 fold decline in around 10-11 years! One thing that economists seem to miss is that country currency values seem to be very directly affected by their image in the world public opinion...
So all that inflation and currency devaluation is mainly due to overspending and money-printing right?
Those who vote in iranian elections voted because they are sacred if losing there jobs like me
It's not the elections causing this. The central bank recently increased the quota for traveler's foreign currency purchase, so the demand went up and pulled up the prices.
گوه خوری؟
That makes a lot more sense than saying traders give a rats ass about the already fake joke elections
IRAN DOES NOT HAVE ELECTIONS
It is clear people buy dollar in Iran, which causes the values of local currancy decrease. But since Iran does not expert much to Western markets, there is little dollar or Euro come in. That is the main cause of currancy collapse. Iran, Zimbabwe, Syria, Libanon, Yemen, Somaliland and Sudan have similar problem in terms of currancy.
I wasn't clear enough. I was referring to price jumps right before and after the elections which are more than expectations. Also in recent days, central bank has auctioned gold bullion coins, and combined with recent global gold price rallies, it has excited people and has put pressure on the demand side both for gold and for foreign currencies.
Toman is mistaken for Rial. Each dollar is equal to 600,000 rials
Ah, for Iran 1978
Iran has elections? 🤣
russian style elections
Iran's more democratic than France by 20% turns out and unelected king of England,you should also try democracy sometimes.
@@igoralmeida9136
Russia and Iran are democratic countries,they have more than two parties shows like US regime
@@MrMalmir atleast they are not pre-approved 😂
@@MrMalmir Average BRIC-cel
Gee, it's almost like having the same old dudes to elect, loaded courts, and rampant corruption is somehow depressing...
Not to mention that they spend billions on arming their proxies.
Maybe not have a gov not run by religious figures
Not the sort of comment one would expect to see from someone whose username starts with 'Holy' 🙃
But honestly agreed.
Turkey and Argentina without sanctions have a worse inflation situation compared to Iran. You should Admire Iran that under the most Heaviest sanctions not only did not fall, but the economy grows !!!
Turkey's is worse than reported, from what I'm being told.
I love how the resort to printing more money even tho there are many negative casw like that
Iranian election makes Russian election looks fair and trustworthy.
IRAN DOES NOT HAVE ELECTIONS
Not even one person from my friends and relatives voted. 41 percent is a joke.
If Your family didn't vote it doesn't not Means Rest did same
>extra 14% turnout in 2 hours 😂
Iranian politicians looking in the mirror when talking about "economic terrorists"
Think of the groceries Tucker Carlson could buy in Iran now.
That was probably part of the deal was to show the grocery store.
@@justinr9753 Sure it was. Wonder if pointing out the coin technology used on the shopping cart was part of it too. Russia is probably pretty proud of coming up with that.
Iranians only have themselves to blame.......
Sending my best to Iran, such an awesome country.
4:32 The chart you show when you say Iran's inflation has been above 40% for the past 5 years contradicts your claim. Don't get me wrong, that inflation rate is really bad, but only above 40% for 2 or 3 of them(it's hard to see which side of the line 2020 is on)
Iranians get the government they voted for. And that government took away their choices years ago. But they got what they asked deserved.
Oh please shut it, as if what happened during the revolution was so clean and fair that anyone willingly chose this. This mindset is what has kept Iranians isolated. We do not have to suffer because the west didnt like the shah and his progress. If only we could know who brought khomeini ( may his soul suffer eternally) to Iran!!!! Next time tom , keep Irans name out of your mouth and study some history
That was the previous generation, and don't get me wrong, the current generation implicitly agrees with you and is mad at what our parents (not mine though) did to us.
But why should we suffer for it? Most young Iranians have never voted. Are you saying we still deserve to suffer?
Also your characterisation is too simplistic and ignores external factors, for example the fact that many western countries supported the ayatollahs coming to power. So it was not just Iranians democratically electing the ayatollahs. They both had external support and took power by force. Could we stop them in 1979? I don't think so.
@@blehblahov7398that's such a stupid way of looking at how a country is ran. It doesn't matter what the older generation voted for. Iranian People should have the right to outs their shitty government whenever they want to. You championing dictators and dictator-like thinking is pathetic lol
Free Iran from Islam .
Yes please Persian was one of the Greatest Nations of all time but it got replaced with islam and Iran so sad they destroyed 90 prezent of the stuff that was there before
It's Iran, not Persia.
Islamism is evil
@@igoralmeida9136 No it won't.
According to a survey, Iran is 7.7% Zoroastrian already
I hope the Iranian people will be free from these despots one day!
hey TLDR! What was that news app that sponsored you a while ago? It was a non-biased kinda news app if I recall!
Ground
Amazing! Thank you!!
In 2024,don't set new year financial goals without consulting a financial adviser.there expertise ensure a solid plan for success.Building wealth involves developing good habits like regular putting money away in intervals for solid investments.
Thanks for the advice! I'm new to financial planning and wasn't sure where to start.Any tips on finding a reliable financial adviser or resource to guide beginners?
I agree, based on personal experience working with an investment advisor, I currently have $650k in a well diversified portfolio, that has experienced exponential growth. It is not about having money to invest in stocks,but also you need to be knowledgeable, persistent,and have strong hands to back it up.
How can I participate in this?I sincerely aspire to establish a secure financial future and am eager to participate.who is the driving force behind your success?.
Marie Ann Treloar is the licensed coach I use, just to research the name, You'd find necessary details to work with a correspondence to set up an appointment.
I appreciate it.After searching her name online and viewing her credentials,I'm quite impressed.I've contacted her as I could use all the help I can get.A call has been scheduled .
Surely they will benefit from a booming export business for arms. But I guess that would require them to sell more arms and give fewer away.
It's crazy that as an Argentine I thought to myself "only three exchange rates? Amazing" 😂. Additionally, these types of government resort to the money printer. They never apply any austerity measures. So iranians, brace yourself for triple digit inflation in the near future
I've been hearing of the Rial being in hyperinflation for years? Have Iranians not reached the point where they just use other currencies instead, just like the Venezuelans, Argentines and Zimbabweans do?
People don't really use cash anymore, so the numbers are all digital. For practical purpose it doesn't really matter that much how many zeroes the numbers have when you only use cards and banking, so using Iranian Rial works just fine.
@@salomefayazi7242
Even in the villages, they don't use cash?
They buy cattle and chickens using debit cards?
@@موسى_7 Yes it's mostly debit card payments or card to card transfer by mobile. Even beggars on the street will carry card readers sometimes, because many don't carry cash. Also there is a daily cash withdrawal limit per card of 2mil Rials (equivalent to 4 Dollars). The government is pushing everybody to switch to card and digital payments ✌
When from the top down everything is fraudulent, how could the money keep value?
Does election really matter in Iran since the supreme leader has all the power and all
IRAN DOES NOT HAVE ELECTIONS
I remember changing pounds to tomans in 2005 for 9000 toman
The funny thing is if you want to buy nice detached house in Iran you need to spend half a million dollars.
5:29 - I burst out laughing, the Ayatollahs just called themselves economic terrorists
No one talks about the disaster of a country named Malaysia
Neat
"Mysterious economic terrorists" causing the Iranian Riyal to fall! 🤣 Oh Iran, why are you such a drama queen!
You know something is up when Iran and Elections are used in the same sentence
This is a less complicated version of what happens in Argentina. Multiple exchange rates = great way for friends of the government to make money
Free fall of Rial is like saying that North Korean currency is strong like the Yen
“Don’t publish your rates anymore! That’ll give people more faith in our currency.”
“Mein Ayatollah! It’s dropping!”
“wHaatT?!”
It isn't to increase confidence, it's to reduce the amount by which it falls
Actually is very very easy to figure out. Islamic republic prints money for their own without backups. Sell the natural sources to the outside countries, without money coming in to invest and create jobs. As a result Iranian people suffer and powerless to do anything .
So is the exchange rate really 600k to the dollar, or is this a massaged figure where like in Venezuela where the blue dollar exchange is higher than the government quoted value?
I didn't even know that Iran has something called Elections ... very stupid state 😅😅
I wouldnt believe the iranian regime anything. But the term "economic terrorists" is not mysterious. The fact that there are economic hitmen is not a secret. The book "confessions of an economic hitman" by john perkins explains it pretty well.
no, iran blaming anyone of terrorism is hilarious
@@traumaloop I agree. Doesnt change the fact that there are economic hitmen. And the hypocrisy argument applies to the US as well, of course. One american tool of terrorism are economic hitmen.
Nah just Westerb funded businessmen and corporates that penetrated and disrupted supply and demand and then this channel is there to mystify things and spread propaganda
@@traumaloop I agree. Doesnt change the fact about the existence of economic hitman. That hypocrisy argument applies to the US as well, of course. One of their tools of terrorism are economic hitmen.
@@traumaloop And why "no"? You didnt contradict anything i said.
Unbelievable how badly managed this economy is.
Argentina, Zimbabwe, Egypt left the group chat 😅
@@farahmo4519
Türkiye, Greece, UK, and more countries left the chat too.
Isaiah 1:23
Your rulers are rebels, partners with thieves; they all love bribes and chase after gifts. They do not defend the cause of the fatherless; the widow's case does not come before them.
When you believe that you're flawless, you don't learn and fix your problems
Well, it's worth noting that Iran has apparently decided to deprecate the Rial in favour of the New Toman (not to be confused with the Toman, worth 10 Rial).
The New Toman is functionally identical to the Rial, but with an exchange rate from the Rial of 1:10,000 (10,000 Rial -> 1 New Toman).
Anywho, an exchange rate of ~60 New Toman -> 1 USD still isn't a very good look.
Iran is a mixture of religion and communism, so it is natural for it to be poor
Iran has an economy!? 😱😂😂 -edit sarcasm to highlight how dysfunctional iran's economy is...
How do you think they afford all their proxies?
@@thearpox7873 oil
The West doesn't really have a functioning economy currently, so what's your point?
Every country does?
@@thearpox7873 oil
That's why you need to be friendly to everyone 😉.
What about the current economic crisis in Germany? Why do you NEVER do stories on countries in the EU?
Shouldn’t go around picking fights with America.
Random marketing though. Maybe stop telling people to do so many things: subscribe, ring the bell, like the video etc. Just ask for one and do differnt suggestions different adds.People will get less bored and it seems WAY less despreate.
41% voter turnout is embarasingly bad? Romanian elections usually have a voter turnout of 20%-25%.
IRAN DOES NOT HAVE ELECTIONS
Probably embarrassing because it’s the number Iran admitted to… if they admit to 41% then it must be much lower!
Its lower than 41. It was around 27 until it magically got boosted to 41 in the last hour. This is how much of a joke Iran's government is. At least Romania doesn't do retarded shit like that
They invested so much money in keeping their currency afloat... they'd have been more successful if they'd put that money in perfecting counterfeit dollar bills 😂
rename of your channels to TLDR Economics. that would bring more focus .
The market does not care how much you think your currency is worth. This is what a de-dollarized country looks like, unless you have the USD or Euro. De-dollarization would make the developing worth even more impoverished compared to the developed world.
In the absence of an alternate currency, it would.
Iran in financial trouble..... Oh No....... Anyway