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2008-09-03 — yahoo.com
Iran earned around $80 billion from crude oil exports last year. Ahmadinejad's government converted most of that into Iranian rials and injected it into the country as loans, often to political favorites, some critics say. Many economists had warned that such policies would lead to inflation, but they view fixes such as removing zeros as little help. I thought it was interesting that one of the suggestions being explored was to go to a gold backing. If Iran did that, they might actually have a chance of becoming some sort of regional economic hegemon. source article | permalink | discuss | subscribe by: | RSS | email Comments: Be the first to add a comment add a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |