US Govt's Unprovoked War on the Iranian People Brings Monetary PanicSubmitted by Charleston Voice on Mon, 03/19/2012 - 11:53
Iranians are hunting for a fixed asset, such as real estate, to protect their portfolios. They sense the value of their money is dropping quickly as never before.
Property owners fear that even if they sell their homes or apartments today at an inflated price, they may still be unable to build or buy comparable lodging later when the inflation rate once again may double or triple today's levels.
The best estimates from the World Bank and other global financial research sources place Iran's current inflation rate at 20 percent to 25 percent, up from about 14 percent in 2009. Economic sanctions by the U.S. and other countries are causing Iran's rial to fall through the basement...read full article
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