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NotableForeign PolicyX (Twitter)·Scott Bessent

Iran’s currency keeps plummeting: today, crashing through the exchange rate of 2 million rials to the U.S. dollar. Over the weekend, Iran's Central Bank Governor Abdolnaser Hemmati said that the simultaneous drop in Iran’s oil revenues, tax income, and social security contributions has affected every part of Iran's economy. 3 million, here we come!

Iran’s currency keeps plummeting: today, crashing through the exchange rate of 2 million rials to the U.S. dollar.

Over…

Iran's currency has fallen to 2 million rials per U.S. dollar, with the Central Bank Governor attributing the decline to drops in oil revenues, tax income, and social security contributions. The tweet suggests further devaluation is likely.

goldoil & gas
Impact Score
2/10
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