ENDGAME: How Iran’s Hyperinflationary Currency Collapse Could Lead To Revolution
Matthew Boesler
BusinessInsider.com
Oct. 4, 2012
Iran has captured a lot of attention this week as inflation spirals out of control and the Iranian rial is quickly becoming worthless.
Yesterday, the rapidly falling value of the rial sparked serious street protests in Iran.
Now, the question becomes: Is the hyperinflation currently underway in Iran going to be the straw that finally breaks the camel’s back?
The West certainly hopes so.
That’s the whole point of the forceful Western sanctions placed on Iran’s oil exports and even imports of basic goods and the Iranian banks being completely frozen out of the international financial system.
The sanctions have been in effect since July, but the situation is really just now starting to get worse as it becomes crystal clear to Iranians that their monetary authority has completely run out of the foreign exchange reserves they need to defend the value of their quickly plunging rial.
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