Is it time to buy Iranian currency?

    https://i.redd.it/nn0theuta9yg1.jpeg

    Posted by The-Oregon-Group

    32 Comments

    1. russcastella on

      It takes a special rare kind of regard hero to long the holy grail of unlongable.

    2. Green-Status5443 on

      That chart is basically screaming “catch the falling knife” lmao. political instability plus sanctions don’t usually make for great long-term holds, even if you’re thinking contrarian play.

    3. This is old school WSB. This is what I like.

      What happened to the 2 Dollar bill scheme from a few months back? That was cool too.

    4. The-Oregon-Group on

      Maybe on one of the betting markets. Position it as a bet around the exchange rate.

    5. I can offer some insight here because I lived in Iran for six months. Overall domestic confidence in their currency is at an all time low. So low that there’s a black market for the purchasing of foreign currencies including the dollar and euro. I’d say the play here is to buy dollars and euros with whatever amount of the Rial you have.

    6. OG tards remember the Iraqi Dinar saga 🤣🤣 literally every infantry bro was going on and on about buying Dinar and when USA ā€œstabilizesā€ the country it will be massive gains

    7. GerryManDarling on

      Pro Tips: Buy billions of Iranian Rial and convert them to toilet paper, you will become a Toilet Paper Tycoon!

    8. Weak-Food2195 on

      sanctions make it nearly impossible to actually hold or convert Iranian currency through any legitimate channel. the chart is interesting but the practical access problem is the real story here šŸ’€

    9. Makes me think of my uncle who won 1.4M pesos yesterday… Argentinean pesos…..

    10. If you zoom out you’ll see it’s never once appreciated against the USD. Ever. Not once.

      So you decide…

    11. IntelligentSherbert3 on

      Can I BUY IN IBKR? Iran is not going anywhere as they have oil. I want to BUY

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