![]() ![]() As central banks print more money, the value of each currency unit decreases. In today's economy, some people view buying gold coins as a way to protect themselves against inflation or economic turmoil. In addition, gold does not corrode, which means it can be stored indefinitely. Gold is abundant enough to be used in coin production, but also rare enough to only be used selectively. It is paramount to many cultures and religions across the globe. Gold has been used for centuries as currency, jewelry, and other decorative items. Silver and gold dealers have been getting a lot of business lately because people are seeking safe commodities to hold their money. While the current market conditions and crypto volatility have been challenging for many investors, gold has held its value remarkably well. With the latest craze around NFTs and cryptocurrency, and the emergence of crypto-friendly banks, it can be easy to forget about more traditional investments, like gold. Instead of high dowries, some women have recently tended to seek better terms in their marriage contracts, including the right to work and, if necessary, no-fault divorce.There are many types of investments with different returns. Iran has always tried to discourage a trend of unreasonably high dowries among newly-weds because of the strain it can put on a young couple's finances and marital happiness, but the trend prevails. One could only be jailed over Mehrieh “if the court finds out he could afford but refused to disclose his assets,” Abutorabi added. ![]() Instead, if a man is sued for Mehrieh, and he cannot afford it, the court will order him to pay in instalments. ![]() “No one will be imprisoned for failing to pay the marriage sum,” Abutorabi said. The new law has removed jail terms for those men, Abolfazl Abutorabi, a member of parliament's legal and judiciary panel, told Hamshahry, a newspaper. Hundreds of men have been imprisoned every year for not being able to stump up the necessary sums. The coins, which carry the image of the Islamic republic's founder Ayatollah Ruhollah Khomeini, are about 22 mm in diameter (roughly the same as a 20 euro cent piece or five US cents).īut the catch has been that they have been payable on demand any time after the marriage. So the dowry of a 24-year-old woman born in 1370 (1991) would be 1,370 coins worth $367,000 (334,000 euros) at the current gold price.Ī much lower figure could be just 14 coins, equivalent to the 12 imams in Shiite Islam, plus the Prophet Mohammed and his daughter Fatima. A family can ask for one coin for the total number of years in the date she was born, according to the Iranian calendar. ![]()
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December 2022
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