Minister Advises Iranians Against Buying Dollar, Gold, Iran Says
“Foreign currencies and gold coin rates will drop so those who buy them at high cost must not complain later,” Hosseini said yesterday, according to the Tehran-based daily.
Rising inflation in Iran, which the International Monetary Fund has forecast will reach an annual 22.5 percent this year from 12.4 percent in 2010, and a cut in bank deposit interest rates have boosted demand for foreign currency and gold.
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