Philip Nichols, Wharton professor of legal studies and business ethics, explains how Iran has built a complex and adaptive banking and payments infrastructure under decades of sanctions while exploring its future in an evolving global financial system.
This Week in Business
Inside Iran’s Payment Network and Global Sanctions Strategy
Wharton professor of legal studies and business ethics explores how a heavily sanctioned nation developed a sophisticated financial system and navigates global payment challenges.
March 25, 2026
• 13 min listen
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