Iran's government sells gold coin certificates to raise cash and battle inflation Iransgovernment goldcoin inflation
Welcome to Kitco News' 2023 Outlook Series. Uncertainty continues to dominate financial markets as central bank monetary policies push the global economy into a recession to cool down inflation. Stay tuned to Kitco News to learn from the experts on how to navigate turbulent financial markets in 2023.
The economy is facing significant headwinds as the country has become increasingly isolated internationally. Western nations are looking to sanction the government for the way it has tried to stamp out national protests after a 22-year-old Kurdish-Iranian woman, Mahsa Amini, died in police custody on Sept. 16.
Because of the growing economic crisis, the Iranian government has taken extreme measures, which include selling certificates on the stock market Tuesday, according to news reports from Iran International.
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