The underground financial system keeping Iran afloat amid war, sanctions
Summary
The article explains how Iran uses informal and unofficial financial networks to keep its economy running despite heavy U.S. sanctions and economic pressure. These underground channels help Iran continue trade and financial activities without relying on normal banking systems.Key Facts
- The U.S. has increased economic sanctions against Iran to pressure its government.
- Iran relies on informal financial networks that operate outside official banks.
- These underground channels help Iran bypass sanctions and maintain economic activities.
- Such systems include using cash, barter deals, and unofficial money transfers.
- The informal system acts as a financial lifeline for Iran amid economic challenges.
- These networks are hard to track and regulate by international authorities.
- The unofficial financial system supports Iran’s trade with some countries despite sanctions.
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