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 70% against the dollar since 2023 despite the Central Bank burning through $30 billion in reserves to defend it. The regime is now rationing dollars at official rates while the street price runs three times higher — a gap that functions as a tax on anyone who can't access the state window. When your intervention consists of selling assets you don't have enough of to people who know you'll run out, you're not stabilizing the currency, you're just choosing who eats the loss first.