Iranians hoard currencies and physical assets as blockade cuts off alternatives to worthless rial

Published Aug 30, 2026 • 10:00 AM

President Donald Trump’s administration has shifted from military might to financial muscle as it transforms the conflict with Iran into an “economic war,” and the Iranian rial is among the country’s most vulnerable targets. Even before the conflict, the volatile and devalued currency was among the biggest sources of unrest among Iranian citizens. Since a […]

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