http://www.reuters.com/article/2012/02/09/iran-wheat-idUSL5E8D88U520120209I wish bitcoin was more established......... I am NOT saying to avoid sanctions due to their nuclear program.. and I do NOT want this to be a political statement...
But now the Iranians have to load up a freighter filled with Gold, and ship it across the planet to Australia, then the Australians load up a freighter and ship grain to Iran.
However if bitcoins were established, the Iranians would just hit the send button, and the Australians would ship.
From my understanding the sanctions apply to the US dollar currency and their central bank.... so doing it that way wouldn't violate the sanctions.
for my political speech, I never think banning food imports is ethical... you punish the parents and children and not the government.