Iran Prepares to Ditch Dollar in International Trade

‘After US President Donald Trump included Iran on a list of Muslim-majority countries facing a temporary immigration ban, Tehran responded by threatening to stop using the American dollar.
Iran would either introduce a new common currency, in place of the US dollar, or use a portfolio of various currencies in foreign exchange and financial reports, according to Valiollah Seif, governor of the Central Bank of Iran.
Iranian media quoted Seif saying that the initiative would begin in March 2017, at the start of the fiscal year.’
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