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Iran’s Currency Collapse Tells The Economic Story
3 Articles
3 Articles
Iran’s Currency Collapse Tells The Economic Story
Iran’s currency has collapsed from about 70 rials per U.S. dollar in 1976 to roughly 1.7 million today, reflecting decades of sanctions, inflation, and economic mismanagement under the Islamic Republic. The plunge underscores how geopolitical isolation and internal policy failures have steadily eroded purchasing power for ordinary Iranians even as regional tensions persist.Source: S.L. Kanthan via X.
Repression of protests and threats of new American strikes further reduce currency and stifle economic activity
Amid the collapse of the rial in Iran, many see Bitcoin as a viable solution because of its decentralization and reliability.The economic crisis has led Iranians to seek alternatives, and the digital currency emerges as an attractive option in the face of instability.The current situation shows the relevance of cryptocurrencies in critical contexts.Bitcoin as an escape option The collapse of the rial is not an isolated phenomenon, but part of a …
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