Fiat is just a doing great:
Iranian parliament approves currency redenomination - Iran will cut off “0000” from their fiat bills - today 10,000 riyals will become 1.
The rial collapsed versus the US dollar since 2019 (≈27× weaker in the parallel market). Holding BTC would have massively outperformed holding rials (~x890 from early 2019 to today).
Now ask yourself a question: is a 1 day meal, gas tank, or any commodity valued less in Iran vs the rest of the world? This is just syphoning out the value from one society to another… possible just in fiat because of endless printing, sanctions etc.


