This sounds dumb as f\*\*k, hear me out but it could be real 30-40 bagger return if the Iran Regime doesn’t collapse.
The Iranian Rial is unavailable at any exchangers due to sanctions/volatility ect, that the only market that actually exists is physical cash. Google/official rates shows AUD up 735,000% against it. It seems the IRR is priced for total collapse, not just a bad economy. Street pricing already assumes regime failure and zero recovery. If that doesn’t happen, even mild stabilisation forces a violent re-price.
GCC carriers are allowing flights to Tehran so the question is can you actually fly to Tehran and get a suitcase of IRR and fly back then once things stabilize fly back and change it and make a 30-40x return? High Risk, High chance of loss, High Chance of not passing through immigration but on the other hand 40x potential? Thoughts.