Iran, hit by high inflation and threatened by Trump, seeks comfort in gold; imports triple in a year

Iran, hit by high inflation and threatened by Trump, seeks comfort in gold; imports triple in a year

Many Iranians reportedly keep their savings in gold and US dollars at home, avoiding banks due to fears of financial instability or government confiscation. The country itself has used gold transactions for weapons deals with sanctions-hit Russia

In recent months, Iran’s import of gold has surged. Pixabay/Representational Image