international relations

Iran stops using dollar in international settlements


Iran stops using US dollar in settlements with foreign countries, the Islamic Republic’s Central Bank said on Saturday.

“In foreign trade we from now on shall be using other currencies, including yan, euro, Turkish lira, Russian rouble and South Korean won,” the Central Bank’s deputy head Gholam Ali Kamyab told the Tasnim News Agency.

He said Iran presently considered bilateral currency agreements with several countries on use of other currencies.

Those agreements, which would favour the trade-economic operations, he said, are planned for near future.

Source: TASS
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