1,950,000 TO ONE — TEHRAN’S UNIT OF ACCOUNT FINISHES THE JOB THE AIRSTRIKES STARTED.

The rial printed a record 1.95 million per dollar Sunday, eleven weeks after breaking 1.9 million on May 4. The IMF has the economy contracting 6.1% this year against 68.9% average inflation. The Fundamentalist read is not the war — it is what a unit of account does when the state issuing it can no longer defend it, and how quickly the last leg goes. Bitcoin traded near $64,000 on the same tape. The cap is still twenty-one million.