Iran Rial Crisis: Currency Hits Record Low Above 2 Million Per Dollar, Falls More Than 50% in a Year as Trump Prepares Toughest Sanctions and Tehran Tightens Hormuz Rules - The Sunday Guardian
Iran Rial Crisis: Currency Hits Record Low Above 2 Million Per Dollar, Falls More Than 50% in a Year as Trump Prepares Toughest Sanctions and Tehran Tightens Hormuz Rules - The Sunday Guardian
Source: The Sunday Guardian
―
DW NOTE
The rial has collapsed to less than half its value in twelve months while Trump hasn't even taken office yet. Iran is simultaneously devaluing into hyperinflation and tightening Hormuz — a combination that destroys what remains of its formal economy while ensuring the sanctions Trump does impose will land on rubble. This is what happens when you run monetary policy as if your primary export route isn't a chokepoint you've turned into a geopolitical firing range.