Iran avoids US sanctions by paying with gold

posted by
February 9, 2012
Christian Science Monitor    
Posted in News

"Iran is seeking to close grain purchases using gold and oil as payment, and has paid in yen for a large volume of wheat in its first deal since Western sanctions against Tehran started choking imports of food staples, European wheat exporters said. ... New financial sanctions imposed since the beginning of this year to punish Tehran over its nuclear program have ended up playing havoc with Iran's ability to buy imports and receive payment for key food items." (02/09/12)

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