On March 6, 2025, at the Economic Club of New York, I said that if I were an Iranian, I would get my money out of the rial. At the time, "official inflation" was 35%, the currency had depreciated by 60%, and the exchange rate was 887,500 rials to the U.S. dollar.

Scott Bessent advised Iranians to move their money out of the rial due to high inflation and currency depreciation. He cited official inflation at 35% and a 60% currency drop.