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Iran plans to exclude US dollar and euro from its foreign trade

Tuesday, 15 January 2013

Economy Minister, Seyed Shamseddin Hosseini, said that “according to the decision of the cabinet work group  the US dollar and euro will be gradually put aside from Iran’s trade with other countries.”  He added that Iran has changed its trade partners and is redirecting its trade transactions from countries such as the UK and Germany to countries such as China and Turkey. Such changes will reduce the need for third currencies like the US dollar and euro. He continued, “The government is resolutely determined not to use US dollars or euros in its business. The currency wars, the USA’s tendency to devalue its currency and economic crises have led our business partners to welcome this idea. That is because the world is in the process of cancelling the intermediate currency regime.”

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  • Published: 3 years ago on Tuesday, 15 January 2013
  • By: Iran Daily Brief
  • Last Modified: January 15, 2013 @ 3:15 pm
  • Filed Under: Economy
  • Tagged with:
  • Source(s):
    • http://tinyurl.com/alvamba; http://old.irna.ir/ENNewsShow.aspx?NID=80498538

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