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Middle East Monitor — Iran Switches from Dollar to Euro

Summary:
Iran’s feud with the US is set to get worse after Tehran announced yesterday that it will start reporting foreign currency amounts in euros rather than US dollars, as part of the country’s effort to reduce its reliance on the American currency due to political tension with Washington. Central bank governor Valiollah Seif said last week that Supreme Leader Ayatollah Ali Khamenei had welcomed his suggestion of replacing the dollar with the euro in foreign trade, as the “dollar has no place in our transactions today”.... Middle East MonitorIran Switches from Dollar to Euro See also Unconfirmed as yet. May be premature. An anonymous diplomatic source in Brussels has revealed to RIA Novosti that the European Union intends to discontinue paying for Iranian oil in US dollars. This is a

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Iran’s feud with the US is set to get worse after Tehran announced yesterday that it will start reporting foreign currency amounts in euros rather than US dollars, as part of the country’s effort to reduce its reliance on the American currency due to political tension with Washington.
Central bank governor Valiollah Seif said last week that Supreme Leader Ayatollah Ali Khamenei had welcomed his suggestion of replacing the dollar with the euro in foreign trade, as the “dollar has no place in our transactions today”....
Middle East Monitor
Iran Switches from Dollar to Euro

See also

Unconfirmed as yet. May be premature.
An anonymous diplomatic source in Brussels has revealed to RIA Novosti that the European Union intends to discontinue paying for Iranian oil in US dollars. This is a major development which confirms a series of articles in global media which reveal the growing positive developments indicating that Atlanticism is in a serious crisis. It has cracked. Analyses by CSS and FRN’s own experts going back a number of years have forecasted that these events would eventuate...
Fort Russ
Atlanticism Cracks!: Eu To Dump U.S Dollar For Iran Dealings
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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