Iran bans the use of the U.S. dollar in all trade in exports and imports. The governor of the Central Bank of Iran (CBI) has made a decision to replace the U.S. currency with other foreign currencies.
The Central Bank of Iran, deputy Gholamali Kamyab said to Tasnim State News Agency while being interviewed.
“In trade exchanges with foreign countries, Iran uses other currencies, including Chinese yuan, euro, Turkish lira, Russian ruble and South Korean won,”
Source RT News:
With the falling oil prices and the Iranian federal budget set at $136 oil price, it’s going to be a shocker to the Iranian economy.
China has trade agreements with other countries that have decided to trade in other local currencies.
Countries Moving Away From Dealings With The US Dollar