Money turns into waste paper! Iran's currency plummeted 30 times in 2 months, and ordinary people's savings have become worthless paper.
The most brutal aspect of war has never been the gunfire, but the fact that ordinary people's money is going to zero. Iranian Rial completely collapses: From 1 USD = 42,000 IRR, it has crashed to 1 USD = 1,314,000 IRR A devaluation of over 30 times in two months. Now, 1 IRR ≈ $0.00000076 Its value is even less than a sheet of toilet paper. In other words, using Iranian Rial to wipe your butt is more cost-effective than using toilet paper... What has crushed Iran is never external sanctions, but internal decay: Privileged monopolies, stagnation of reforms, governance failure To fill the fiscal gap, they are printing money wildly to harvest the people Livelihoods are in decline, leaving room for external infiltration. Similarly, facing long-term blockade, China has never let its economy and people's lives fall into despair. The path was chosen by themselves; they can't blame others. Has Khamenei really made the right decision?
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Money turns into waste paper! Iran's currency plummeted 30 times in 2 months, and ordinary people's savings have become worthless paper.
The most brutal aspect of war has never been the gunfire, but the fact that ordinary people's money is going to zero.
Iranian Rial completely collapses:
From 1 USD = 42,000 IRR, it has crashed to 1 USD = 1,314,000 IRR
A devaluation of over 30 times in two months.
Now, 1 IRR ≈ $0.00000076
Its value is even less than a sheet of toilet paper. In other words, using Iranian Rial to wipe your butt is more cost-effective than using toilet paper...
What has crushed Iran is never external sanctions, but internal decay:
Privileged monopolies, stagnation of reforms, governance failure
To fill the fiscal gap, they are printing money wildly to harvest the people
Livelihoods are in decline, leaving room for external infiltration.
Similarly, facing long-term blockade, China has never let its economy and people's lives fall into despair.
The path was chosen by themselves; they can't blame others.
Has Khamenei really made the right decision?