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🚨 The Iranian Rial “crashed” ~96% in minutes — but this wasn’t panic selling.
It was a government rate reset and zero removal in a thin, controlled market.
The currency had already lost its purchasing power over years due to:
• sanctions
• money printing
• chronic inflation
• loss of trust
The value didn’t disappear today; it was already gone.
Today was just the official admission.
This is exactly why hard assets (gold, BTC, USD) outperform failing fiat systems.