Iran’s central bank stops US dollar transactions, adopts RMB

Iran’s central bank has announced that it will stop mutual settlements in the US dollar with other countries, with the Chinese yuan or renminbi being named as one of the alternatives. Continue reading

Iran Joins Growing List of Countries to Ditch Dollar in Foreign Trade

MOSCOW, January 24 (Sputnik) – 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. Continue reading