Iran crypto suggestion

[Digital 387]

On 9/14/2020 at 11:57 AM, Mike1515 said:

 

The CEO of Kish Free Zone Organization in Iran has stated that Iran is facing hyper inflation and thus becoming very difficult to conduct international trade and most especially the importation of cars in Iran. so Ghplam Hossen Mozaffari has  suggested that Iran should use or introduce a crypto currency created in Iran to fund Importers. The situation in Iran has made it difficult to fund the importers by the central bank.

So what do you think , can crypto currency be used to cub the inflation of a country or help in reducing the cost of a Nation suffering from inflation , in importation?

Let me hear what you have say.

I have no idea weather introducing their own crypto currency will reduce the rate of inflation  crypto currency is a solution to world financial problem perhaps crypto currency might curb the rate of inflation in the country. Other countries adopt crypto currency because it will solve economic and financial crisis.

[MalikAdnan 1662]

I think it is best choice if they trade with crypto to the other countries. It is more beneficial for their. It will help the economy of country. Other it is their own choice.

[P A Ashif 2409]

Definitely crypto will help in dealing this problem. But there should be a good plan to bring crypto. Usually government don't like to implement crypto in their country. 

On 9/19/2020 at 10:25 PM, Calvinpriva said:

Creating their own coin will not solve inflation in their country because that coin will have many sanctions since will be controlled by government. 

Definitely it's not the solution. Creating a coin. I guess it will be a failure but other than that if they focus on the coin that is present then it will good.

[khan22 3478]

On 9/14/2020 at 3:57 PM, Mike1515 said:

 

The CEO of Kish Free Zone Organization in Iran has stated that Iran is facing hyper inflation and thus becoming very difficult to conduct international trade and most especially the importation of cars in Iran. so Ghplam Hossen Mozaffari has  suggested that Iran should use or introduce a crypto currency created in Iran to fund Importers. The situation in Iran has made it difficult to fund the importers by the central bank.

So what do you think , can crypto currency be used to cub the inflation of a country or help in reducing the cost of a Nation suffering from inflation , in importation?

Let me hear what you have say.

Iran is a strong country and if they make their own coin than thats a great idea becasue the future of the crypto market is good and the iran peoples will use the coins easily to buy and sell the things on daily basis and the sending and receiving of the coins is easy than the cash.

[Jaafar Fahad Hassan 114]

It a nice idea, but if a country introduced it cryptocurrency, would that bring it out of inflation? Just wondering how it will bring out inflation, and what if the country does not support cryto

[mcclack 1]

As per the things associated with cities that dealt with good-sized budgetary inflation, typically the cryptocurrency was the right resolution for guidance the economic crisis get higher, and yet this unique situation would definitely obtain an as an alternative period, and yet it could be the answer.

There's no doubt that which inturn and not setting up a crypto foreign money they will pursue Bitcoin plus employ this around forking out worldwide opportunities. Venezuela has the benefit of a petro moreover it won't go to help out just about all plenty considering not one person is without a doubt spending it outside one's world.

[Hridoy8060 12]

I think if the Iranian government introduces crypto, Iran can go a long way economically, because it is very easy to work in crypto, you can make more profit by working here with very little sanity, so I would suggest that it be introduced in Iran as soon as possible.

[George10 9932]

On 9/14/2020 at 2:13 PM, Naylor89 said:

Iran government is aware of what is causing hyperinflation in his country. If he slows down the printing of money, then the inflation rate will come down. But he is not willing to do that, because he needs to pay the military and some mobilized people who remain loyal to him. So I think Bitcoin makes no difference for them. all governments do that when they have no legitimacy.

Yeah that's the only way to solve hyperinflation in a country to slow down the printing of more money but it's unfortunately to here that Iran is not willing to do so even when it knows the fact cause of this problem but if they don't take precautions as soon as possible then it will do them no good and not even cryptocurrence can rescue them.

[sarahmoses202020 251]

On 9/14/2020 at 11:57 AM, Mike1515 said:

 

The CEO of Kish Free Zone Organization in Iran has stated that Iran is facing hyper inflation and thus becoming very difficult to conduct international trade and most especially the importation of cars in Iran. so Ghplam Hossen Mozaffari has  suggested that Iran should use or introduce a crypto currency created in Iran to fund Importers. The situation in Iran has made it difficult to fund the importers by the central bank.

So what do you think , can crypto currency be used to cub the inflation of a country or help in reducing the cost of a Nation suffering from inflation , in importation?

Let me hear what you have say

Crypto currencies make it very easy to conduct international transactions. People no longer want to through central banks anymore because if the difficulty that it has and all the heavy fees that is attached to that. While crypto currencies offer a better and easy way which is also affordable.

[Mike1515 2977]

Like any other tough countries that faces tough choices its important to really look at what happens in the market today ,the way out and some of the countries that face such kind are Zimbabwe, Venezuela and Iran and when you have an option you do take it.

[Cryptomint 433]

Crypto currencies are using in those countries also where is ban because cryptocurrencies are rolling on internet if they close internet then it can be banned properly.

[Rosarvx 965]

payment as the Iran currency will drop a lot and no one outside Iran, if cryptocurrencies were used to pay import money

[Captain Karim 0]

I think that using cryptocurrencies in a country will not solve the country's economic problems, the economy grows with production, and cryptocurrencies are a way to obtain products, so it is not a solution.

[bogdanoff 3173]

If Iran is facing hyperinflation maybe their citizens need to protect their money and buy bitcoin. It is a thought but they will save a lot this way and have only a few that they will need to pass day by day. 

[Fixfin 2569]

Maybe crypto currencies can help all the nations that suffer from incompetent financial systems and have their national currencies in so much trouble that suffer hyperinflation. But they will not be under their control so they don't want them. With that they don't want to help their citizens either that suffer the most.

[annayks 2314]

Is this a suggestion you made? Maybe it can happen I don't know if it will be viable but it looks better than a currency in hyperinflation. Do you nkow if Iran is considering to replace their currency with Bitcoin perhaps? It would be great for adoption and they should do this fast before prices rise ten times more.

[TimopheyKa 3900]

I think that of course, this has some hopes for the future! The fact is that here you need to understand the whole situation, and if, for example, cryptocurrency will benefit many cities, and the development of the economy, stabilization, then many can just spin it, and launder some of the money for themselves, which is also very sad!

[yonkii 3205]

Iran will need to turn to crypto immediately. The currency will soon be useless like in Venezuela and if you hold money in your bank it will mean nothing if there will be hyperinflation this money will be lost and will go to zero. This is a big problem when governments damage the national currency like that but cryptocurrencies can help and used instead.

[Shaza Ahmad 1682]

Fighting inflation can be done by using a non-inflationable cryptocurrency because we have many cryptocurrencies that are inflating every day, and at the same time a way must be found to make this cryptocurrency have value and maintain a range of value so that investors can trust it....

[Kotopesok 1840]

I think inflation will not save the Iranian economy either. This is a short term solution. Cryptocurrency is very volatile, you can get 10-30% per day, or + 10-30%. The solution is interesting, let's see how it goes next. But if the state is weak and unable to develop the economy, then cryptocurrency does not think that it will solve the problem. Perhaps only a little. But cryptocurrency also has disadvantages.

[Razan alikac 1899]

It is good for any country to search for solutions to inflation and all of the economic problems, and they must be permanent solutions, not temporary, and this requires great action and thought.

[pablomarwan 3082]

If you want results, you only have to look at the economy of some countries after their reliance on cryptocurrencies. The results are positive, of course, but here they must study some of the risk that may befall them if they do not take the matter seriously. The currencies will contribute at least in paying off some of the debts that are attached to them. they have to create their own local digital community to be attached to the euro and the digital yen in order for other countries to agree so that they do not find it difficult to deal with them.