After June war with Israel, Iranians seek portable wealth as hedge against falling currency
Business
TEHRAN, Iran (AP) — When it comes to financial security for Iran’s jittery public after the 12-day war with Israel , all that glitters is gold — and for many, it remains the most trusted hedge against inflation, sanctions and a weakening rial currency. Traders in Tehran’s Grand Bazaar say every new headline about United Nations “snapback” sanctions , the rial’s fall or renewed regional tensions have sent waves of people into buying so-called “value-preserving assets.” Those include dollars,
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