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Actually I been reading a lot on the preparation by the iranian side.
Despite the sanctions are already in effect they still able to buy wheat from USA, australia and brazil paying for it in russian roubles thereby skirting economic sanctions. They have bought over half a million tonnes since feb this year and still buying. They also hoarded over 900 tons of gold bought from international markets back when the price was around US$600, that's more gold than India and Japan combined.
These preparation shows their level of sophistication also determination to overcome problems and that they were already predicting possible difficulties and moved ahead early to take action to insulate themselves.
So although their currency has since devalued when sanctions took effect the price of gold price soared on "war rumours" they already hedged their bets.
Despite the sanctions are already in effect they still able to buy wheat from USA, australia and brazil paying for it in russian roubles thereby skirting economic sanctions. They have bought over half a million tonnes since feb this year and still buying. They also hoarded over 900 tons of gold bought from international markets back when the price was around US$600, that's more gold than India and Japan combined.
These preparation shows their level of sophistication also determination to overcome problems and that they were already predicting possible difficulties and moved ahead early to take action to insulate themselves.
So although their currency has since devalued when sanctions took effect the price of gold price soared on "war rumours" they already hedged their bets.