WW3 Update -- Iran Ditches US Dollar

Iran Ditches US Dollar: Joins Growing List of Countries Dumping Dollar In Foreign Trade




Iran no longer uses the US dollar in foreign trade transactions, replacing it with other currencies, the deputy governor at Iranian Central Bank told the Tasnim News Agency Saturday. “In trade exchanges with the foreign countries, Iran uses other currencies, including Chinese yuan, euro, Turkish lira, Russian ruble and South Korean won,” Gholamali Kamyab told the news agency. The official added that Iran was considering bilateral currency swap agreements, allowing partners to exchange one foreign currency for the equivalent in the other currency.

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