The lack of a clear outlook on the Iranian economy has led Iranians to store large quantities of gold in their home, and recent reports indicate that the amount of gold stored in homes now exceeds the amount in the Central Bank. The Shahrvand Daily reports that according to Gold and Jewelry Producers and […]
Tag: gold
Police announce more arrests around currency crisis
The Tehran Police force has announced that 88 “gold and foreign currency brokers” have been arrested, as disputes have intensified between the Iranian government and the Central Bank over handling the crisis in the currency and gold markets.
Iran wins 3 Greco-Roman gold medals in 3 days
Iran broke its Greco-Roman gold medal drought by winning three of them in three days. Ghasem Gholamreza Rezaei won the Olympic gold medal Tuesday in 96-kilogram Greco-Roman wrestling, beating Russia’s Rustam Totrov 2-0, 1-0.
Iran To Accept Oil Payments In Gold
Sanctions-hit Iran has announced it will take payment from trading partners in gold instead of dollars.
Iran’s rich eat ice cream covered in gold as poor struggle to survive
Gold-flecked ice cream wasn’t part of the picture that Shiite Muslim clerics painted during the Iranian Revolution, when they promised to lift the poor by distributing the country’s vast oil income equally across society.