The Iran Project
: Iran’s gold reserves has seen an unprecedented growth last year, especially over the past three months, according to Al Mayadeen.
Tuesday 23 April 2024 - 13:19
Story Code : 420196
Source : IRNA
Al Mayadeen reports unprecedented rise in Iran’s gold reserves
It, however, said that Iran's main card is the change of the basket of central bank foreign assets, noting that the sanctioned countries tend to change their assets into gold or other precious metals so as to be shielded against the consequences of financial sanctions.
Undoubtedly, Iran is seeking to create a safe route for financial settlement of foreign trade amid US sanctions on the country, it further concluded.
Reporter : Editorial of The Iran Project
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