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iran_fx__gold_coin_emami_price_daily_2010_20262010–2026↓ Download CSV

Emami Gold Coin Price, Rial, Daily (2010-04-04 to 2026-07-11)

4,237 daily observations, the longest of the two gold-coin series (starts 3+ years before Bahar Azadi).

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  1. 012012Rial collapses amid sanctions squeezeCorrelationExpected causation

    Under the combined weight of NDAA Central Bank sanctions, the EU oil embargo and the SWIFT disconnection, Iran's free-market rial loses roughly a quarter to 40% of its value against the US dollar within a single week, falling to about 35,000-40,000 rials/dollar versus roughly 10,000/dollar two years earlier; Tehran's Grand Bazaar merchants strike in protest on 3 October 2012.

    Why this link: As a rial-denominated hedge against currency depreciation, the Emami gold coin price jumped in direct proportion to the rial's collapse, reflecting the same shock in a different market.

    Caveat: Global gold prices also moved independently in this period, so part of the coin-price rise reflects world bullion prices rather than the rial alone.

    Lag: ImmediateSource: NPR -- Currency In Crisis: Collapse Of Iran's Rial Continues

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Laws related to this measure. Correlation = how closely this law tracks this measure's story. Expected causation = how strongly we would expect it to have moved the line. Neither is a claim of proof.

  1. 2008CorrelationExpected causationExecutive Directive on Futures Contract Transactions on the Iran Mercantile Exchange (Public Joint Stock Company)

    This directive governs futures contract trading on the Iran Mercantile Exchange.

    Why this link: 2008 directive establishing futures-contract trading rules at the Iran Mercantile Exchange (IME), the venue that later became the dominant market for Bahar Azadi and Emami gold-coin futures; the futures market materially shapes spot gold-coin price discovery and volatility in Iran.

    Caveat: Gold-coin spot prices in Iran are driven predominantly by the rial-dollar exchange rate and global gold prices; the futures-trading mechanism amplifies price discovery and short-term volatility but is not the primary driver of the price level.

    Lag: Short lag; futures pricing feeds into spot-market sentiment within days to weeks.

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