13 votes

Iran removes euro and dollar from its trade exchanges

Minister of Economic Affairs and Finance Shamseddin Hosseini said Monday that Iran would no longer use euro and dollar in its trade exchanges according to a decission made by the government's economic working-group. Iranian state news agency IRNA writes about this.

"Iran's government is determined to remove euro and dollar from its foreign trade and is to change its foreign trade pattern," said the minister while speaking to reporters at the end of a meeting with the representatives of the Economic Cooperation Organization (ECO) member countries.

Referring to the imposed restrictions by the US and European Union against Iran, Hosseini said the government has prepared the ground to accelerate the process of changing its foreign trade pattern.

http://times.am/?l=en&p=16896



Trending on the Web

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

Well

This is an alleged reason in why we used 9/11 as an excuse to attack Saddam's Iraq. We'll see what comes of it..

from what i understand

recently, currency traders used foreign currencies in an attempt to devalue then collapse the national currency.

.

They are hurting themselves. They should just let their citizens and companies trade in whatever currency they want. They should just allow all currencies and the best one or basket will win out in the end and the Iranian people will be more prosperous because of it.