Western Sanctions Against Iran vs Expected Eastern Blowback
Iran’s currencies, the rial and the toman (collectively referred to here as the “rial”), have been plummeting in perceived value for months now – nay, years, nay, decades – against the US dollar. The rial’s aggressive drop in value Since December 2017 is neither due to core Iranian economic fundamentals which would otherwise theoretically justify a national currency’s skydiving in such a fashion, nor is it coincidental with the wider currency wars being conducted between the global West and East. It is, in fact, the most recent salvo in a precariously heightening high stakes duel of each side trying to collapse the other’s currency – or currencies –and thus harm their wider sense of economic stability. Atlanticists standing behind Dollar Hegemony, and the building Eurasian contingency fighting it, are attacking each other’s currencies, either clandestinely via both technological and deployed trading agent means, or overtly through sanctions regimes, in order to ultimately either maintain, or appropriate, respectively, standards for the future of the world’s economy.