https://en.radiofarda.com/a/iran-parliament-warns-of-hyperinflation-by-march/29683218.html

The research center of Iran's Parliament (Majles) has warned against "uncontrollable inflation" before the end of the current Iranian year in late March.

The parliament's research attributes the looming hyperinflation to "the quantity and quality of liquidity growth in recent years, fluctuations in the forex market and price rises during recent months."

According to the report, liquidity has more than tripled between 2013 and 2018, rising from 5,063,000 trillion rials to 16,720,000 trillion, adding that during the period a large part of the cash in the market consisted of various forms of travellers cheques or quasi-money so that bank notes constituted only 15% of the money in people's hands.

If we convert these figures to U.S. dollars based on the current free market rate, it would be $500 billion and $1.5 trillion respectively; but this does not mean Iranians have actually the equivalent of so much dollars. Their money is in local currency, which is not as fungible as a hard currency, such as the U.S. dollar.