Iran Considers Lopping "A Bunch of" Zeros Off Currency

In an effort to combat rampant inflation.

The governor of the Central Bank of Iran, Tahmasb Mazaheri, told state-run radio that monetary experts are studying three options: Cutting three zeros off the rial, cutting four zeros, or boosting each rial's value to one-hundredth of a pound of chicken, or about 2,500 rials at current rates.

Lots of grumbling about Ahmadinejad's economic policies, converting 80 billion dollars of last year's crude oil revenues into rials and pushing that into loans to prop up his 20 year plan to become a regional "economic superpower".

OT: I've been watching hurricane news a bit on Fox today, and Bobby Jindal is en fuego. Texas is also making preparations, including evacuations from Southeast Texas, fuel-distribution staging for evacuees (with assistance from the bloodsuckers at ExxonMobil and fuel jobbers), and plans for dealing with potential flooding depending on where the storm goes.

I hope all the morons in the path are safe.

posted by Dave In Texas at 03:05 PM

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