Re: Bitcoin in Iran touch 26.000 USD

Quote from: o_e_l_e_o on September 11, 2018, 11:58:21 AM

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.

Thank you for a clear and simple answer to this. I was initially confused, and read so much random stuff before skimming the thread again.

Haha, I wish that this (mis)information caused a pump today, but no dice Sad