Iran's currency crumbling under Western sanctions, but U.S. exports to Islamic Republic are on the rise

Reblogged from National Post | News:

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WASHINGTON — U.S. exports to Iran rose by nearly a third this year, chiefly because of grain sales, according to U.S. data released last week, despite the tightening of U.S. financial sanctions.

The jump to $199.5-million in the first eight months of 2012 from $150.8-million a year earlier, according to Census Bureau data, is surprising given Western efforts to isolate Iran economically because of its suspected pursuit of nuclear arms.

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