Ninjastic
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Board Bitcoin Discussion
Merits 6 from 2 users
Re: Bitcoin in Iran touch 26.000 USD
by
o_e_l_e_o
on 11/09/2018, 11:58:21 UTC
⭐ Merited by suchmoon (4) ,RodeoX (2)
Quote from: masterkiller on September 11, 2018, 11:37:41 AM
why is the price of Bitcoin in Iran is more expensive than global prices?

It isn't. The "news" that Bitcoin was selling for $24,000 in Iran was based on the incorrect exchange rate - the subsidized exchange rate of 1 USD to 42k IRR set by the government for imports of certain goods. The actual exchange rate of 1 USD to 140k IRR gives the real price.