Iran Joins Growing List of Countries to Ditch Dollar in Foreign Trade

SputnikNews.com
24.01.2015

Deputy governor at Iranian Central Bank stated that Iran no longer uses the US dollar in foreign trade transactions, replacing it with other currencies.

MOSCOW, January 24 (Sputnik) – Iran no longer uses the US dollar in foreign trade transactions, replacing it with other currencies, the deputy governor at Iranian Central Bank told the Tasnim News Agency Saturday.
“In trade exchanges with the foreign countries, Iran uses other currencies, including Chinese yuan, euro, Turkish lira, Russian ruble and South Korean won,” Gholamali Kamyab told the news agency.

The official added that Iran was considering bilateral currency swap agreements, allowing partners to exchange one foreign currency for the equivalent in the other currency.

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This entry was posted on Saturday, January 24th, 2015 at 1:05 pm and is filed under Economics, New World Order, World Politics, World War 3?. You can follow any responses to this entry through the RSS 2.0 feed.