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The App Destroying Iran’s Currency – Foreign Policy
- Apocryphon 8y agoHow's the cryptocurrency scene in Iran?
- mehrdada 8y agoSounds like an opinion piece without much justification and evidence. Occam's razor suggests that the uncertainty and longstanding high rate of inflation should explain currency devaluation. For years, the 1- to 5-year CD rate had been in the 20%-30% range. Compound that and add uncertainty related to the price of oil and international sanctions. Telegram sounds like red herring. If it has any effect, it's at the margin. It's simply a popular messaging app in that geo. Any other conclusion would likely be reading too much into this.
- csomar 8y agoSince the currency went to 190k and then to 125k now; I think short-traders should have been badly hurt.