Big Mac Index for Iranian Rial
Big Mac Index for Iranian Rial
We have a measure on real value of currency and it is actual cost of living and actual price of comodeties in a given nation. It is called price big mac index. Measuring price of a big mac or equivalance in a given country indicating true value of currency. In Iran it is about 1 to 2 dollar to buy high quality burger better than big mac while in America it costs some 6 dollar. It means Iranian…
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