Episode 449 • • 2:30:15 - 2:39:37
449: Deficit Pending
Iranian Rial Devaluation and Official Exchange Rates
The Iranian Rial has reportedly dropped 40% in value in a single week, leading to protests and shop closures at Tehran's Grand Bazaar. Adam Curry critiques a CNBC World report where the journalist claimed she could not show a currency chart because the "official rate" was "malarkey." The hosts discuss how sanctions are driving inflation in Iran and attempt to find the real-time exchange rate using Wolfram Alpha before signing off.