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It's not either-or. Both Turkey and Iran are working on self-reliance. That is the important point.
Where they are right nowThe question is... Where would Iran be without oil?
Iranians are rushing to buy gold and dollars, sending the national currency plunging, on concern the government may be unable to maintain economic stability as international sanctions tighten.
The average rate offered at currency exchange bureaus was about 15,300 rials per dollar, meaning the currency has lost about 15 percent of its value in a month, the Donya-e-Eqtesad newspaper said yesterday. The official rate yesterday was 11,030 rials per dollar, according to the Central Bank’s website. No rates were available for today, when Iran’s weekend began.
State television this week showed lines of people camped out overnight in front of state banks, with sleeping bags and blankets, saying they were waiting to buy gold coins. The central bank cut off their supply as of Dec. 20 and said it’s imposing a more “just distribution” system. Under the new rules, gold paid for now will be delivered four months later, according to the state-run Mehr news agency.
The U.S. and European Union are pushing to tighten sanctions already imposed on Iran, by limiting crude purchases from the world’s third-biggest exporter in order to halt its nuclear program. The U.S. and Israel haven’t ruled out military attacks. Iran denies allegations that it is seeking to build atomic weapons.
The rial’s plunge has widened the gap between official and market rates to a record, and shows Iranians don’t trust assurances by politicians and financial officials that the economy is safe, said Hossein Raghfar, an economics professor at Al Zahra University in Tehran. The restriction of access to gold has diverted demand to foreign currency, the most “liquid” option, he said in a phone interview yesterday.
Accelerating inflation is also eroding the value of savings in rials. The inflation rate rose to 19.8 percent in the 12 months through Nov. 21. The government expects it to reach 21.6 percent by the end of the Iranian calendar year on March 19 if the country doesn’t experience an “economic shock,” Deputy Economy Minister Mohammad-Reza Farzin said two days ago.
Iranians Rush to Buy Gold, Dollars as Sanctions Tighten Grip - Bloomberg
Well if that's the case you might as well add North Korea to the list. Juche.
The question is... Where would Iran be without oil?
Iran exports 2.5 million barrels per day. At 90 $ per barrel thats over 80 billion dollars.Actually Iran's oil is much hyped. Iran exports just about 2.2 million barrels of oil per day and since Iranian oil of heavy type its going international price is lower than light crude. Taking out the exploration and rig operation costs, each Iranian is entitled to less than 2 dollars of oil money per day. Not enough even to keep them above UN absolute poverty line.
Iran exports 2.5 million barrels per day. At 90 $ per barrel thats over 80 billion dollars.
In addition Iran's own conspumption is 1.84 barrel a day. Thats another 60 billion dollars.
That means that if Iran had not oil, it would be forced to pay 60 billion dollars instead recieving 80 billion dollars. Thats -140 billion dollars. Lets remind you that total revenues of Iranian budget are 110 billion. Iran would remain literally without any income.
Actually Iran's oil is much hyped. Iran exports just about 2.2 million barrels of oil per day and since Iranian oil of heavy type its going international price is lower than light crude. Taking out the exploration and rig operation costs, each Iranian is entitled to less than 2 dollars of oil money per day. Not enough even to keep them above UN absolute poverty line.
They mixed up GDP with budget. Budget is always several times smaller than budget.Let's remind you that as usual you are providing untrue figures.
Iran approves $508 billion budget for 2012
That source is a Saudi (very friendly to the West) news site.
Can you stop propagating your false Zionist ideology using made up numbers and 'facts' now?
They mixed up GDP with budget. Budget is always several times smaller than budget.
Government budget by country - Wikipedia, the free encyclopedia
List of countries by GDP (nominal) - Wikipedia, the free encyclopedia
^ I was not talking about Religion. We Pakistanis never can be a country like Iran. I can never see Pakistani police out in the streets of Lahore forcing women to cover their hair. Pakistanis were always moderates. Not too liberal like Turks and not too conservative like Iran and Saudi Arabia. Although Iranians in the U.S. are more liberal and westernized than Turks.
I mean we should copy Turkey and China when it comes to foreign policy and building our economy.