International
payments security/ Currency swap agreements
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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