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The App Destroying Iran’s Currency – Foreign Policy (foreignpolicy.com)
15 points by kposehn on Nov 26, 2018 | hide | past | favorite | 3 comments



Sounds 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.


Since the currency went to 190k and then to 125k now; I think short-traders should have been badly hurt.


How's the cryptocurrency scene in Iran?




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