I live in Iran which currently its economic is heavily depends on Dollar because of it export and important a lot of things, and Iran is also restricted (economic santions) which means we usually have Dollar to Iranian rial exchange problems.
For example before the president Trump's tweet, Dollar exchabge rate used to be around 40,000 Rials, and suddenly it raised up to 140,000 Rial, and then again it turned back to around 80,000 which is still 2 times more than value it used to have for years.
It means, if you had money saved in your bank account, and let's say you could buy 20 iPhone X, suddenly you are just able to buy 10 iPhone X! It means you should not have Rials at the current situation.
Other goods prices simultaneously raised up because they were exported to other countries and or they were imported.
Some people invested their money in Iranian gold coins which names "Bahar Azadi" and it is like an official design on gold coin which is a bit more expensive than gold actual value. For example if gold is $1 per geram, that coin is $1.2 per gerams.
In my care, I'm earning good money from my job, and it is 5 times more than Iranian average salary; but if I just save it as Rial in my bank account, it means I didn't save it! I mean because it is losing its value day to day.
On the other hand, we are not connected to the world banking, so we can't have any master card, PayPal, visa or other accounts to save dollars in.
My goal is to save some money to buy a house, and real estate is currently very expensive in Iran, and it is kind of mesured by Dollar.
How would you save money if you were in Iran?
Submitted September 02, 2018 at 12:24AM by sohamana https://ift.tt/2C7dsyz
