Iranian Currency Hit Historic Low
Nader Uskowi
![Nader Uskowi]()
Nader Uskowi
Consultant, Middle East Security and Geostrategy; Author, "Temperature Rising: Iran's Revolutionary Guards and Wars in the Middle East"
Iranian currency rial hit historic low today, trading at 193,000 rials to a dollar. Two years ago, before U.S. left JCPOA, the currency was trading at 43,000 rials to a dollar, and at the start of this year, before COVID-19 pandemic, it was trading at 133,000 to a dollar.
Within two years, the Iranian rial has lost 350% of its value. The currency crisis adds to other aspects of the economic crisis that is gripping the country - the worst in 40+ years of the Islamic Republic. BTW, the currency was trading at 70 rials to a dollar during Shah's era!
Process Optimization and Transformation Expert - Veteran
4 年The economic implosion of Iran is a forgone conclusion. There is little remedy when the country suffers through endemic defalcation, leadership incompetence, acute nepotism and global pariah standing.
Social Systems Engineer?Systems Specialist in Social Capital & Community Development*Individual & Organizational Positive Psychology Systemologist & Coach? Mission: Utilize Communities by Empowering the Individual*
4 年Theres much to be gained (By the system) in how the system is manipulating the currency!
Chairman and CEO at Gulf Associates Inc
4 年WE ARE WWW.GULFASSOCIATES.COM ESTABLISHED IN 1941. PLEASE SEND US YOUR WEB SITE?
Psychologist - Counseling and Guidance Psychologist, Organizational Psychologist
4 年It doesn't worth anymore!