How Gold Helped Iran Withstand U.S. Financial Fury

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How Gold Helped Iran Withstand U.S. Financial Fury

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How Gold Helped Iran Withstand U.S. Financial Fury

Wochit 0:39 mins

Throughout much of 2012 and 2013, the United States and Iran fought a financial war. In March 2012, the United States and European Union beefed up their economic sanctions on Iran, shutting Iran out of the global payments network called SWIFT. Also in March 2012, Turkey’s gold exports to Iran doubled from the month before and exploded 37 times over the March 2011 figure. India likewise paid with gold for Iranian oil.

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