Death to America But, Before you Die, Will You Please Leave Me Some of that Wonderful American Money in Your Will?

"Regardless of its official statements on trade, euros and dollars are hoarded by Iranian consumers in the black market."

from Mish

"On Wednesday, the Tehran bazaar closed in turmoil and police used teargas and batons on demonstrators protesting the currency crisis."

"Steve Hanke, Professor of Applied Economics at Johns Hopkins University, has also been following the Iranian currency crisis. He pinged me with these thoughts yesterday.

Hello Mish

For months, I have been following the collapse of the Iranian rial, tracking black-market exchange-rate data from foreign-exchange bazaars in Tehran. Using the most recent data, I now estimate that Iran is experiencing a monthly inflation rate of nearly 70%, indicating that hyperinflation has struck in Iran.

Cordially,
Steve"

70%!!!!  PER MONTH!!!!!!  SHIT!!!!!!!

not related, just like the song and band, been in my head