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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 ...
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Things happen slowly and then quickly. We’ve reached the “quickly” part.
That is why I asked “How much longer now”?
One could say it’s unrial.
No water, food is unaffordable, people are being shot down in the streets. I’d say the fat lady is warming up in the orchestra pit.
CC
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