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Iran’s Economy Struggles Post-Raisi: Inflation, Debt, and Sanctions
Iran’s Economy Struggles Post-Raisi: Inflation, Debt, and Sanctions
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Iran’s economy continues to grapple with significant challenges since the death of Raisi in May 2024. Persistent inflation, which reached 47% in the previous fiscal year, and a currency crisis have devastated purchasing power. The rial has lost about 94% of its value since 2018, with exchange rates plummeting from 230,000 rials per dollar to approximately 650,000 rials. Additionally, mounting debt and crippling sanctions further limit growth possibilities for Iran’s economy in 2025. Despite these challenges, the article does not mention any direct impact on cryptocurrencies or exchanges like Bybit, MEXC, Coinbase, Bitget, BingX, Binance, Upbit, and FTX, nor does it discuss coins such as BTC, ETH, LTC, BSV, OKB, and many others listed.
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