Iran replaces dollar with euro in financial reporting
The Iranian cabinet on Wednesday ordered all state-run organizations and companies to replace U.S. dollar with euro in reporting their financial statements
The government also put the central bank in charge of managing and announcing rial-to-euro exchange rate continually.
The decision is made as part of the country’s effort to reduce its reliance on the U.S. currency.
Central bank governor Valiollah Seif said on April 9 that Supreme Leader Ayatollah Ali Khamenei had welcomed his suggestion to replace dollar with euro in Iran’s foreign trade.
“Dollar does not play a role in our foreign trade transactions,” Seif announced at the time.
source: Tehran Times
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