So Goltab co-owner Mehrdad Shojaee gets on a plane and collects payments himself. He and his brother recently returned from a business trip to Bangladesh and Sri Lanka, toting $40,000 from customers in his carry-on.
Majid Jalali, a carpet seller at Tehran’s sprawling covered bazaar, now lets customers walk out of his shop with his handwoven wool and silk pieces — worth between $100 and $800 apiece — without any money changing hands. Foreigners can’t wire money into his account anymore, he says. So he tells them to take the carpets and send the money to his sister in Canada. He’s been stiffed twice so far. A bigger problem: European and Asian businessmen aren’t coming by anymore.
How much longer before the economy collapses. With all the revenues going to centrifuges and the like, the merchants will have to realise the hard way. Enough talk. Money talks and everyone will get the message. But why did the US and EU let the Seyyeds get away with it for so long, when they could have done all this a long time ago?