Iran’s economy is spiraling as the rial plunges to a record low of 1.2 million per US dollar, triggering a nationwide rush for gold, dollars, and other “safe assets.” With food prices soaring and savings wiped out, ordinary Iranians are buying gold coins, silver bars, and hard currency at unprecedented levels. Jewelers report historic demand while sanctions, renewed under Donald Trump, tighten pressure on Tehran’s already fragile economy. The United Nation’s “snapback” sanctions and recent Iran-Israel tensions have deepened fears of further instability. Families now see portable wealth as their last lifeline in a collapsing economic landscape.
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