The exchange rate of the Iranian currency against the US dollar is now worthless, priced at US$0. This has caused the price of Bitcoin (BTC) to soar, requiring 104 billion rials to obtain 1 BTC.

This happened because Iran is facing domestic unrest caused by an economic crisis and tensions with the US military that worsened the situation.

It is known that the sharp decline in the rial exchange rate occurred when the free market rate touched around 1.3-1.4 million rials per US dollar. This event made the Iranian currency the weakest and lowest in the world.

As information, the price of Bitcoin in Indonesian rupiah is valued at Rp1.5 billion, while in European currency it is priced at 78 thousand euros. Then, in US fiat, its price is US$92 thousand per token.

-# Image Source: Akademi Crypto