"Many Persian carpet weavers who had abandoned the profession in recent years because the business was no longer profitable have been setting up looms again as a surge in demand and a plunge in the value of the Iranian currency, the rial, has led to an increase in the prices of the handmade carpets.
A 60 per cent surge in the prices fuelled hope that the key industry, which employs 1m Iranians, might be on the way to recovery, experts say. Moreover, Iranians, who have been converting their rials into hard currencies and gold coins over the past year on fears of losing the value of their savings, are also buying more carpets as a hedge against inflation."
'via Blog this'
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