macro

Iranian Rial Collapses as Exchange Rate Hits 2.22 Million Per Dollar - JFeed

Source: JFeed

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DW NOTE

The rial has lost 99.95% of its value since 1979. The currency now trades at a level that would have been unthinkable even during the sanctions era — 2.22 million per dollar is not a failed exchange rate, it is the absence of one. With the Strait still blockaded and oil revenue functionally zero, Tehran is printing to fund a war it cannot afford and importing inflation it cannot contain.

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Kuwait’s crude oil exports have rebounded to about 1 million barrels per day (bpd), recovering to two-thirds of the 1.6 million bpd shipped through the Strait of Hormuz before the Iran war, according to a senior official at state-owned Kuwait Petroleum Corporation (KPC). Kuwait has managed to ramp u

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Iranian Rial Collapses as Exchange Rate Hits 2.22 Million Per Dollar - JFeed

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