CBI Monopoly Blamed for Gold Coin Price Bubble

The Central Bank of Iran’s monopoly over minting gold coins should be blamed for shortages in the bullion market, a vice president of the Tehran Gold and Jewelry Union said.
“Due to monopoly over the supply of gold coins and long delays in the sale of coins by the CBI, demand has outweighed supply,” Mohammad Kashti-Aray said in a talk with the news portal of the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA). 
The gold expert noted that strained supplies had given rise to price bubbles in the precious metal market, otaghiranonline.ir reported.