“Iranians continued to purchase gold from every available centers on fears about it’s economy, particularly the risk of soaring inflation and a wobbly currency.  Worries about the declining buying power of the rial and doubts over the currency’s stability are the main drivers behind the flight to gold.  Due to sanctions, Iranians have no choice but to invest in gold coins as they can’t move their capital and invest in other countries.  Treasured as a store of value, Iran’s gold coins, minted over centuries, are also culturally important.  Produced by the Central Bank of Iran, a standard gold coin weighs 8.133 grams. It is also sold in smaller denominations.”

http://www.bullionstreet.com/news/iranians-shun-own-currency-for-gold/3983

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