Monday brought significant turmoil in Tehran as Iran's central bank chief Mohammad Reza Farzin stepped down amid mounting civil unrest. The trigger? A currency crisis that hit hard over the weekend—the rial plummeted to an unprecedented 1.42 million per dollar on Sunday, marking a historic low. When national currencies face such severe depreciation, it typically sparks broader market instability and pushes investors toward alternative value stores. This kind of macroeconomic breakdown often drives renewed interest in decentralized assets as capital seeks refuge from fiat currency volatility.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • Repost
  • Share
Comment
0/400
ForkMastervip
· 7h ago
Another national-level wealth code is here. I've seen Iran's devaluation trend in 2015 with Venezuela before. History always repeats itself... As a parent of three kids, I've already prepared and registered. Why not jump on the train now?
View OriginalReply0
GateUser-40edb63bvip
· 7h ago
Another country's currency has collapsed, this time it's Iran.
View OriginalReply0
0xDreamChaservip
· 7h ago
Iran is at it again and again. This time, it's really hard to handle.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)