Is the dollar hitting rock bottom in Iran? Or how's the economy doing, bro?

24 Ağu 16:33

Come on, buddy, let’s see what’s behind the swings in Iran’s free‑market dollar price. First off, Iran’s economy is already wrestling with U.S. sanctions, the devaluation of its own currency (the rial), inflation woes, and restrictions on oil exports. Even the Central Bank’s interventions aren’t enough to keep the sanctions at bay, so the free market gets pushed to the sidelines. But honestly, the surge in the dollar’s price isn’t just an internal Iranian issue; the global geopolitical climate plays a huge role too. This vicious cycle, which has been going on since the Iran‑Iraq war, is now seriously tightening Iran’s economic independence. Iran’s domestic import‑substitution policies also choke production, so they can’t really cut their reliance on abroad. So we won’t say the situation has hit rock bottom, but it’s clear they’re stuck in a deep hole. Interest in alternative currencies or local payment systems might rise, yet how sustainable those options are in the long run is still up for debate.