Iran Is Ditching The Dollar In Foreign Trade

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And over the past few years, Iran has been strengthening economic and military ties with others countries (including China and Russia) in an effort to circumvent the Western-imposed sanctions.

Turkey ran an extensive gas-for-gold scheme with Iran, which ran from about March 2012 to fall 2013 and yielded Iran more than $13 billion amid crippling sanctions implemented by the US over the country's perceived nuclear program.

“It's a huge amount of money, Jonathan Schanzer, a former terrorism-finance analyst at the US Department of the Treasury, told Business Insider last year. “You can't ignore the fact that the Turks helped Iran with a massive sanctions-busting scheme.”
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