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Tuesday, November 20, 2012

Iran's Damned Currency: The Aftermath

   It's no news to anyone that Iran has been the number one target for most Big Dogs such as America, Israel, England and so forth, but this time the tension between all these countries has affected not only the citizens of Iran, but Iranian Americans as well.  
   I'm half Iranian by my father and he's a well established architect in Iran and an American citizen. He recently came back to the states a few weeks ago from being away for 3 years. I was so excited to not only reunite with my father but to finally be old enough to enjoy the fruits of his labor since he always promised to return with triple the money. I waited years for this, the day that he would come with tons of cash and I, a starving college student, finally get a chance to relax with the comfort of my dad's financial support.
  So here's the BIG ISSUE: Iran's currency has plunged to the floor in comparison to the dollar by 40%. This has caused disparity with the people in Iran because now all their property and assets are worth spit and now there are under the table money traders taking advantage of innocent people. You may ask why had this occurred? Well, obviously the government of any country never takes blame so the Iranian government blames the West for laying sanctions and blockades on them, while others, including the Iranian people blame their own government for mishandling the money.
   I believe the two sides have reasons to their arguments because it is a fact that Iran's way of managing money has been corrupt for years and it was bound to inflate sooner or later AND the government has a right to point the finger to our government for placing sanctions of them, disabling them to trade.
   Now my dad can't bring his hard earned money to the states and even if he did, the money would be worth shit. I don't blame him for coming empty handed but imagine all the people in Iran who don't know what to do. Riots are occurring, the people are desperate, and I smell another rise from the people approaching.
   It's also rumored that even parliament is planning on ending Ahmadinejad's term early because maybe that would end the sanctions that were placed to begin with. That would be a solution, but truthfully the main issue isn't the president. The source of the problem is the government's lack of control and the nosy bullies who can't mind their own business, America and Israel. Thanks a lot for making my life more complicated!

REFER TO THESE WEBSITES FOR MORE INFO
SOURCES:
http://www.thedailybeast.com/articles/2012/10/04/iran-s-currency-crisis-bad-news-for-mahmoud-ahmadinejad.html

http://www.nytimes.com/2012/10/09/world/middleeast/iran-places-new-restrictions-on-currency-trading.html?_r=0

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