🇮🇷 Iran’s Currency Crash & Economic Meltdown
This morning’s global headlines are dominated by the deepening Iranian economic collapse, which carries real-world consequences for markets, citizens, and global risk sentiment.
What’s happening now:
• Iran’s national currency, the rial, has plunged to historic lows — with the U.S. dollar trading around 1.4–1.5 million rials on the open market, reflecting a near-worthless currency in practice. This follows a long slide throughout 2025 and early 2026 driven by sanctions, inflation, and economic mismanagement.
• The collapse in purchasing power has fueled nationwide unrest and protests, as ordinary people struggle to afford basic necessities like food and healthcare. Analysts describe this as one of the most sustained protests in years.
• The government responded with a near-total internet blackout starting January 8, 2026, cutting off much of the country’s connection to the outside world. This has been one of the longest and most comprehensive digital blackouts in recent memory.
• Violence has escalated in several cities, including reports of dozens — perhaps hundreds — killed when security forces cracked down on protesters in places like Rasht.
For those who don't know Iran actually doesn't have extreme Muslim practices. Many people there are young and educated. Women have full rights, education and positions of power.
Crypto tags:
