Iran’s sudden currency fluctuations

In tandem with the greenback, gold coins have also soared in Iranian markets for quite a while now. Bahar Azadi, the benchmark gold coin fetched 12.67 million rials ($316.75) on Monday to register a leap of 190,000 rials ($4.8) or 1.52% compared to its previous day’s close. This is the highest value of the precious coin in Tehran’s gold market in recent time.