Business Week: Dollar-Less Iranians Discover Virtual Currency

As Hyperinflation continues in Iran, it seems that some Iranians have discovered a simple way out of the mess imposed on them by international politics, Bitcoin.

Bloomberg’s Business Week spoke to a few Iranians who have found a solution in Bitcoin. “Iranians are resorting to virtual currency to move money into and out of the country in a way that Western authorities find hard to detect.

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Bullion Vault: Iran Arrests Gold Coin Dealers in Bid to Support Rial

Police in the Iranian capital of Tehran closed the city’s open currency market and arrested up to 100 people at the weekend, including Gold Coin dealers according to local reports.

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