Dollar and our foreign coaches dilemma

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    Dollar and our foreign coaches dilemma



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    It will be very hard to keep our foreign coaches and pay them in dollars any more because it is going up so fast it is hard to keep up with it. What do you think?

    5900 Iranian Tooman = 1 Dollar (corrected)

    Last edited by webmaster; 04-09-2018 at 12:35 AM.
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    I wish the rate was 37,821 rial = 1 dollar.. its more like 56,000 = 1 dollar now
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    Yep, that's a problem. its even impossible to hedge and secure the currency, since IRR is so volatile (in one direction) that no financial institution (outside or inside Iran) will hedge it.

    What IFF can do is to purchase the USD value for the entire contract period ahead, so at least they can cover the salaries without any big losses i.e. convert all the future payments right now in USD and keep USD reserves. Other than that, either IFF will lose money every month or no coach will risk coming to Iran without payment guarantee.
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    Quote Originally Posted by shayan_esteghlali View Post
    I wish the rate was 37,821 rial = 1 dollar.. its more like 56,000 = 1 dollar now
    Thanks I corrected it. It is actually 5900 Tooman.
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    TBT the thread "My god Dollar hits 1000 toman!!!"

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    Quote Originally Posted by Babak agha View Post
    TBT the thread "My god Dollar hits 1000 toman!!!"
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    Wouldn't the FIFA WC money be used for this?..

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    Poor people of Iran who are the real victims of this greedy or politically charged or whatever. IMHO Clubs should learn to sign their contracts in Iranian money not Dollar.

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    Quote Originally Posted by Roozbeh-G2006 View Post
    Poor people of Iran who are the real victims of this greedy or politically charged or whatever. IMHO Clubs should learn to sign their contracts in Iranian money not Dollar.
    Would you work for a money which is less worth than the paper it is printed on?

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    everything is crashing this is the least problem right now but yes very good point but 90 show has covered this many times before. when it was 3K it was crisis, when it was 4K crisis again and now suddenly its 6K

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