As Washington threatens countries doing business with Iran with exclusion from the dollar-based financial system, an uncomfortable question emerges: when does economic statecraft become the imposition of national will? From America’s Christian symbolism and the biblical legacy of Persia to secondary sanctions, dollar dominance and the growing incentive for financial alternatives, InnerKwest examines the moral, economic and geopolitical consequences of turning the world’s dominant currency into an instrument of coercion.
