Iran’s official rate has gone from 42K to 1M+ overnight. How can a country depreciate its currency just like that without collapsing completely?

Iran’s official rate has gone from 42K to 1M+ overnight. How can a country depreciate its currency just like that without collapsing completely?

Iran's official rate has gone from 42K to 1M+ overnight. How can a country depreciate its currency just like that without collapsing completely?
byu/taketenpaces inAskEconomics

Posted by taketenpaces