Iran switches from dollar to euro in its official foreign trade reporting, writes Reuters, quoting the Central Bank governor, Valliolah Seif, saying: “dollar has no place in our transactions today”.
France who tries to keep business with Iran, will start offering euro-denominated credits to Iranian buyers of its goods later this year to keep its trade out of reach of U.S. sanctions, says the report.
To stop the devaluation of Rial, the government fixed the exchange rate at 42000 IRR for each USD. Reuters also writes that 80 unlicensed currency exchange shops have been shut down in recent days.
See the original report: Iran switches from dollar to euro for official reporting currency