Tuesday, December 22, 2009

Iran wipes inflation off the map

Steadfastness and unity are bound to overcome the great zero plot:
IRI Central Bank chief Mahmoud Bahmani said omitting three or four zeros from Iran's currency is related to implementation of economic development plan in the country.

He told IRIB reporter in Shiraz on Tuesday that studies for omitting zeros from notes have been finalized and said doing the work is imperative.

Bahmani added the government has planned to bring down the inflation rate to one-digit number.

Inflation average in 14 months from August 2008 to October 2009 was 16.7 percent, and it went down 1.6 percent and reached about 15 percent in November, he stated.

He expressed hope that inflation rate would reach to 10.5 to 11 percent till March 2010.
In the meantime Ahmadinejad has has been displaying an affinity for numbers that contain zeros:
IRI President Mahmoud Ahmadinejad said Tuesday that the Iranian nation and government is 10 time stronger than that of the last year, adding, "Who are they to set a deadline for us?"

"In fact we have given them the chance to reconsider their behavior, and if they don't, we reclaim all our rights (which have been ignored) throughout history," the President added.
Iranian intelligence also likes the ability of zeros to produce round numbers, as a PressTV headline proclaims: "Iran identifies 80 subversive foreign institutes." Speaking of numbers with zeros, the US gives quite a bit of aid to Egypt. It would be nice to say that I'm shocked to read this Fars News headline, reporting remarks of Egyptian People's Assembly speaker Ahmad Fathi Sorour: "Iran, Egypt View US, Israel as Common Enemies of Islamic Ummah." What did the US achieve with all that aid? Something else that involves a zero, I fear.

Crossposted on Soccer Dad

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