As Inflation Rages In Iran, Bitcoin Software Not Available

forbes.com 09 Oct '12, 7pm

As Inflation Rages In Iran, Bitcoin Software Not Available

Move up http://i.forbesimg.com t Move down Hyperinflation Hits Iran Like Weapon Of Mass Destruction Addison Wiggin Contributor The Payments Network As Economic Weapon Jon Matonis Contributor Hyperinflation has hit Iran hard . The government has stepped up censorship of currency exchange websites such as Mesghal.com and Mazanex.com, which had rates blanked out for the rial’s value against other nations’ currencies on Tuesday. Several major foreign airlines announced that they were discontinuing service into Tehran due to the volatility of the Iranian rial and shipping giant Maersk halted all port calls to Iran. If severe currency devaluation and disruptive Internet cyber-attacks were not enough, the regular people of Iran have had access blocked to certain open source software sites for downloading applications such as Bitcoin. The 20-month-old blockade hasn’t been instigat...

Full article: http://www.forbes.com/sites/jonmatonis/2012/10/09/as-infl...

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@Mattfethers91 » 24 Oct '12, 12pm
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Hyperinflation surges in #Iran, blocks access to #Bitcoin and currency sites. But sanctions tooootally not working. [link]
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