Iran is cutting 4 zeros from the rial as they run out of space on their notes!

[Hispo]

I am from Venezuela, si i can easily relate to that, in previous years here we have inflation which could easily go beyond 10.000% per year. Literally we had to remove eleven zeros off your banknote and prices changed while people were on a line at their preferred supermarket waiting for their turn to pay for whatever they needed.

Anyways, it is not a surprise to me to see some government antagonist of the United Sates having problems with their national FIAT, national sanctions will always have a negative effect on countries which rely much on oil and do not have much dominance over their own economy, that was and continues to be the case of my country Venezuela, if China was not such a super power as it has managed to be in these years, I am sure my government would have gotten replaced by now and also de government of the Islamic Republic of Iran.

More reasons for eastern governments to adopt Bitcoin.

[stompix]

Imagine a currency that was 1.25% of the USD in 1980 becoming 0.000085% of it.
From a peg of 80 rials to a $ it has come down to 1,150,000 rials for a dollar.

Did I say 1,150,000 rials for a dollar ?
Two months later and it's 1.410,000 rials!!!
Imagine losing 25% against the dollar in just two months!
It's got so bad they even fired their CB chief:
https://www.iranintl.com/en/202512297350

And this country on the brink of bankruptcy, with people who can't afford food or gas was called by some morons a superpower! 

[STT]

Reminds me of the old vs new Russian Ruble, I think it was a conversion of 10,000 to 1 in that case.   Whats generally true just so we aren't picking on any particular country is that with any FIAT money, this happens sooner or later.
  All the Federal Reserve says to counter this is that they don't want a disorderly market, not that the decline wont occur but by their book it will occur slowly over time not all at once as is being noticed in Iran right now.
  It looks bad but in the end citizens always end up poor holding government money, I would take the lesson as coming to us all in the end.