Exclusive: Brazil could waive U.S. dollar to bolster Iran trade – minister

Brazil will accept payment from Iran in euros and other currencies for planes, cars and machinery to sidestep lingering U.S. sanctions on the oil-rich nation, Trade Minister Armando Monteiro told Reuters on Tuesday.

Monteiro is the first Brazilian official to confirm that Latin America’s biggest economy could accept payment in currencies including the euro from Iran, which is forbidden from using the U.S. financial system under the sanctions.