Gold coin prices drop sharply in Iran

Business Materials 25 January 2012 15:55 (UTC +04:00)

Azerbaijan, Baku, Jan. 25 /Trend F.Milad/

The gold coin prices have plunged by around two million rials in Iran, reaching 8.5 million rials on Wednesday, the Fars news agency reported.

This came after President Mahmoud Ahmadinejad agreed with the approval of the Money and Credit Council to increase interest rates on bank deposits to up to 21 per cent which is higher than the current inflation rate.