Another complete collapse of a fiat currency system and sovereign credit— The exchange rate of the Iranian Rial to the US Dollar has plummeted to 1,470,000:1. If you have $879 right now, you’re basically a millionaire in Iran! After going all-in a few times, it turns out the war wasn’t won, the economy collapsed, and the little foreign exchange earned from selling oil got snatched away by all kinds of players. The worthless fiat currency is dumped on ordinary Iranians, and in just 15 years, the wealth of the people has shrunk by 99%. In this situation, I suggest the Iranian government simply abolish the Iranian Rial, which is now no different from waste paper, and directly switch to settling in RMB or precious metals. If you really don’t want to use USD, BTC works too!