6 years ago
Iran's Bitcoin Volume Soars as Rial Value Enters 'Death Spiral'
Iran’s national currency has crashed to its record low against the U.S. Dollar as the country prepares to face economic sanctions imposed by the Trump administration. The Iranian Rial, which was just beginning to gain momentum after years of depreciation, set a new low on Monday, trading on an average at 100,000 Rials on the black market. Many Iranians are now agitated that their economy will collapse.
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