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Tag Archives: Iran Central Bank

Iran struggles to buy food in a world wary of touching its money

Women wearing protective face masks shop at a bazaar following the outbreak of the coronavirus disease

REUTERS, JULY 30, 2020 LONDON/SAO PAULO/SEOUL (Reuters) – Iran, creaking under the impact of U.S. sanctions, a collapse in oil sales and a severe COVID-19 epidemic, is scrambling to buy food and medicine to avoid a supply crunch. But it’s a struggle. Despite such supplies being exempt from sanctions, banks and governments are reluctant to transfer or take Iranian money …

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