Post
Topic
Board Bitcoin Discussion
Re: Bitcoin in Iran touch 26.000 USD
by
LastHope99
on 11/09/2018, 12:09:20 UTC
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.

It may hit any price on a non-liquid exchange with a squeeze. Declaring these prices is a way of manipulation.