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Iran's Currency Has Collapsed: What It Means Now to Its People, the World
International Business Times ^ | January 13, 2026 | Kella Pacquiao

Posted on 01/14/2026 1:16:41 AM PST by Morgana

The Iranian rial has effectively collapsed, plummeting to an unprecedented low of more than 1.47 million per US dollar on unofficial markets this week. The currency crash has triggered a wave of nationwide 'revolutionary' protests, as the cost of basic survival spirals out of reach for millions of Iranians.

On Monday, 12 January 2026, the dollar was quoted as high as 1.47 million rials in the 'free market' of Tehran, marking a catastrophic decline from 2025 levels. For comparison, the rial traded at roughly 70 to the dollar during the 1979 revolution; it has now lost approximately 20,000 times its value over four decades, according to The Economic Times. Economic Paralysis

The currency devaluation has pushed Iran's annual inflation rate past 42%, with food prices surging by more than 70% in some sectors. The impact on daily life is described by residents as 'crushing,' with reports suggesting that meat has become a luxury item unaffordable for over 7 million citizens.

The economic strain is largely attributed to a 'perfect storm' of external and internal factors. In June 2025, Israeli strikes damaged a centrifuge workshop in Isfahan, confirmed by the IAEA. UN snapback sanctions were restored in late September, followed by expanded US measures and a renewed 'maximum pressure' policy earlier in 2025.

(Excerpt) Read more at ibtimes.co.uk ...


TOPICS: Business/Economy
KEYWORDS: brics; bricssuccessstory; iran; islamofascism; islamofascists; koranimals
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To: Veracious Poet

Not a good thing, but inevitable at this point.


21 posted on 01/14/2026 6:24:20 AM PST by dynachrome (“They don’t kill you because you’re a Nazi; they call you a Nazi so they can kill you.”)
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To: Morgana

How many Terrorist Organizations that Iran supports have come in to help the mullahs ?


22 posted on 01/14/2026 6:49:26 AM PST by butlerweave (Fateh)
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To: Veracious Poet

On January 14th, 2025 one dollar = 1/31 oz. of Silver

On January 14th, 2026 one dollar = 1/91 oz. of Silver

..fixed it...

the dollar is becoming worthless....


23 posted on 01/14/2026 7:34:06 AM PST by wny
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To: Right_Wing_Madman

One ounce of gold is now about 4.8 BILLION Rials.


24 posted on 01/14/2026 9:39:28 AM PST by Reynoldo (BurnLootMurder)
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To: Morgana
They should hire Joe Biden and his economic advisors to help them institute quantitative easing
25 posted on 01/14/2026 9:44:34 AM PST by shotgun
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To: Veracious Poet

In regards to Iran, almost all the damage has already occurred. Further damage to the West will be minimal. Countries more closely tied to Iran may no be so lucky.

The above does not negate the rest of your post, however. :-)


26 posted on 01/14/2026 6:11:33 PM PST by Paul R. (Old Viking saying: "Never be more than 3 steps away from your weapon ... or a Uriah Heep song!" ;-))
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