Aug
02

Iranian Inflation

At the beginning of 2018, one US dollar was worth about 41,000 Iranian rials. By the time President trump pulled the US out of the Iran Nuclear Deal, the exchange rate was 60,000 rials/dollar and now it is 120,000 rials/dollar. Inflation is over 100%/year, social unrest is on the rise, and while 190,000 undocumented Afghan migrant workers left Iran for Afghanistan last year, 400,000 have already done so this year.

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