Will the value of the Iranian Rial collapse?
To:
Al-Monitor Readers
From:
Dr. Bijan Khajehpour
Managing Partner, Eurasian Nexus Partners, Vienna, Austria
Date:
Feb. 25, 2024
Bottom Line:
Iran’s national currency has been under pressure due to a multi-tiered exchange rate system that has failed its objective of reducing inflationary pressures on the lower income classes. The continued devaluation of the Rial is not only undermining the purchasing power of the average family but also distorting business realities and opening up paths for rent-seeking and corrupt dealings.
