Archive · 15 Jan 2026

Iran's Crown Jewels Back Its Currency

Iran's Crown Jewels Back Its Currency

Iran has a special way of supporting its money.

Instead of using gold or other usual things, it uses its crown jewels as a backup.

These jewels are very old and valuable, and they are kept in a bank vault in Tehran.

The jewels include big diamonds, crowns, and other precious items.

The idea is that having these jewels makes people trust the Iranian money more, even when the economy is having problems.

The jewels were collected over many years and were moved to the bank in 1937.

They are not sold or shown off but are kept as a kind of safety net for the country's money.

Other countries don't do this because they have different ways of supporting their money, but Iran's method helps it during tough times.

Sources