How do Iranians move money abroad to avoid US sanctions?

Tehran, Iran – Decades of international sanctions have severely restricted Iran’s access to the global financial system, making cross-border payments difficult for individuals and businesses alike. The sanctions have only increased with the current US-Israeli war on Iran.Unable to rely on conventional banking for international transactions, many Iranians have turned to alternative channels to pay for goods and services abroad.Recommended Stories list of 3 itemslist 1 of 3Trump says Houthis trying to increase oil prices before US electionslist 2 of 3Majority in US say Trump prioritises personal wealth over all else: Polllist 3 of 3UK spy chief says Iran is stepping up targeting of military basesend of listAnd while each workaround channel offers a way to navigate some of the restrictions, it comes with its own costs and risks, often falling short of the security, reliability and efficiency of a functioning international banking system.One alternative financial channel is relying on networks of currency exchangers that operate across borders, an informal system that matches those who need local currency in Iran with those who need foreign currency abroad. By balancing these opposing ...