US sanctions have cost the Iranian currency 50% of its value. Iranians are trying to protect their savings by buying gold - sending gold prices there soaring
The bill paves the way for Iran to join a UN convention to combat money laundering and the funding of terrorism. The Islamic Republic has been under pressure from signatories of the nuclear deal.
The US has targeted an Iranian network of businesses that allegedly funded a paramilitary group affiliated with the Revolutionary Guard. The so-called Basij group reportedly trained and deployed child soldiers in Syria.
The International Court of Justice has ruled that US sanctions on "humanitarian" goods must be dropped immediately. The US has contested the right of the court to intervene in matters between Washington and Tehran.
As sanctions fears kick in, Tehran has unveiled plans to roll out new Islamic financial products to boost funding for domestic firms. But Iran is split on whether international or domestic financing is the way to go.
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