Apparently the price has trebled on the local Bitcoins market. So is it rich people trying to preserve their wealth, or is it people using it for everyday purchases? Mohammad Reza Pourebrahimi, chairman of Irans economic commission, has stated that more than $2.5 billion has been transferred out of the country via Bitcoin. Will this be the primary function of Bitcoin as we creep towards World War 3?
don't get too excited. iranian localbitcoins volume has hit rock bottom the past few weeks.
https://coin.dance/volume/localbitcoins/IRR/BTCaccording to this report, these claims about skyrocketing price are bogus too. they are based on the central bank's official USD exchange rate, which is inflating the BTC/USD exchange rate. spot prices in iran apparently actually reflect the global market:
Its only possible for few businesses and government with special procedure to get that rate, explained a crypto expert Ali Beikverdi.
The official rate is what the central bank says. But literally, no one except some government organizations can get that rate while no one can use it. Its a joke.
So if you wanna buy USD today in Tehran, the price is about 140,000 IRR, he says.
In other words, while the official rate is around 42,000 IRR per 1 USD which would result in the $24,000 price per Bitcoin the actual rate in the street would give one something closer to BTCs actual global market price, currently around $7,300 USD.