🚨 Another complete collapse of the fiat currency system and sovereign credit — The exchange rate of the Iranian Rial against the US dollar has plummeted to 1,470,000:1. If you have $879 right now, you would be a millionaire in Iran! After several all-in bets, it turns out the war was lost and the economy has collapsed; all the foreign exchange from selling oil has been swept away by various forces. The worthless fiat currency has been handed out to 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 worthless paper, and directly switch to using the Renminbi or precious metals for transactions. If they really don't want to use the US dollar, $BTC would work too!