Iran switches from dollar to euro for official reporting currency
Iran will start reporting foreign currency amounts in euros rather than U.S. dollars, state media said on Wednesday as part of the country’s effort to reduce its reliance on the U.S. currency due to political tension with Washington./ U.S. Dollar and Euro notes are seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration/ The new policy could encourage government bodies and firms linked to the state to increase their use of the euro at the expense of the dollar. Central bank governor Valiollah Seif said last week ...
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