Steve Hanke(@steve_hanke):#IranWatch🇮🇷: On this week’s Hanke’s #CurrencyWatchlist, the Iranian rial ranks as the WORLD’S 2ND WORST CURRENCY. The rial has depreciated by 57% against the USD in the past year. AS I FIRST WROTE IN 2012, IRAN SHOULD ADOPT A GOLD-BASED CURRENCY BOARD. THE RIAL WOULD BECOME AS GOOD AS GOLD.

Steve Hanke

@steve_hanke

Professor of Applied Economics @JohnsHopkins | Senior Contributing Columnist @Fortune | FX & Commodity Trader | Reagan White House | Views are my own

Joined October 2012

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Steve Hanke@steve_hanke

2026.10.12 19:50

#IranWatch🇮🇷#: On this week’s Hanke’s #CurrencyWatchlist#, the Iranian rial ranks as the WORLD’S 2ND WORST CURRENCY. The rial has depreciated by 57% against the USD in the past year. AS I FIRST WROTE IN 2012, IRAN SHOULD ADOPT A GOLD-BASED CURRENCY BOARD. THE RIAL WOULD BECOME AS GOOD AS GOLD.