Iran’s national currency has totally collapsed and hit rock bottom. The rial, has fallen to levels many citizens describe as practically totally worthless. The collapse is not the result of a single event. It reflects years of high inflation, weak growth, multiple sanctions, and limited access to foreign currency. What is failing now is something more fundamental: trust in fiat money itself.
As the rial loses purchasing power, the crisis is reigniting global discussions around alternatives such as $BTC not as an endorsement, but as a reflection of how people behave when confidence in fiat money goes down.
The current open market exchange rate is around 1.47 million rials to one US $ as of early January 2026.
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