Iran’s Dollar Crisis Exposes the Limits of Regime Currency Intervention - Iran News Update
Iran’s Dollar Crisis Exposes the Limits of Regime Currency Intervention - Iran News Update
Source: Iran News Update
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DW NOTE
Iran's rial has collapsed 90% against the dollar since 2018 despite repeated central bank interventions — the regime burns through reserves to defend an indefensible peg, then devalues anyway. Currency controls don't fix an economy built on subsidies, sanctions evasion, and oil revenue that never reaches the treasury; they just determine who gets dollars at the official rate before the next crisis.