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To: Crimson Ghost who wrote (37898)	2/20/1999 4:25:00 PM
From: BigBull	Read Replies (1) \| Respond to of 95453

George: For those who don't think the cheaters are paying a heavy, heavy price for their profligacy, read the following. If you can't discipline yourself someone will enforce discipline on you. In this case the big Irish cop is the currency markets. This time the OPEC meeting may go smoother than planned. Time to get that price up. vheadline.com x-rates.com thr 023 currency-press rial may eventually have to be replaced, daily tehran, feb. 20, irna -- the english language 'iran daily' saturday commenting on the national currency of iran, said that the rial which is currently being subjected to an unprecedented thrashing may eventually have be replaced. if its introduction however seems premature now, replacing the rial around the year 2005 should come up as a serious consideration, added the article in the perspective column of the daily. referring to the weak economy of the country, the daily noted ''mr khatami could not have come to office at a worse time economically. as if all that he inherited was not enough, crude prices started to slide sharply. out of necessity, not convenience, the government was forced to stick to at least some economic policies of its predecessor.'' furthermore, ''the rial printing press may have effectively slowed down due to the equally effective, yet undeclared, devaluation of the local currency. but one dangerous mechanism is still in place. by paying wages in rials, when consumables are pegged to the dollar is asking for trouble,'' pointed out the daily. however, it is true that khatami's iran is in a much better political place, noted the paper adding that in less than two years, political progress has been vastly more and effective than the 18 previous years put together. yet, the economic development has lagged far behind and does not even come a poor second. gathering from the news and views plastered on the cover pages of newspapers for months, it seems president khatami is very likely getting bad economic advice, noted the daily. ''given the circumstances, it seems that another shock therapy is on the way. our rials have a lot of zeros which need to be dropped to avoid riots and rebellion,'' concluded the article. fh/ks end ::irna 20/02/99 13:00