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Velayati vows elimination of US $ in foreign transactions

manager September 10, 2018 Economy Comments Off on Velayati vows elimination of US $ in foreign transactions 74 Views

Addressing a special ceremony marking the 90th year of the establishment of Central Bank of Iran (CBI), he said it has been agreed that in foreign transactions with Russia, Turkey, China and India US dollars to be eliminated.

Under such circumstances, CBI will use the currency of the target country for trade exchanges between the two sides to ditch US dollars in its foreign truncations, Velayati said.

This policy has already successfully being implemented in other countries such as BRICS group comprising Brazil, Russia, India, China and South Africa, he said.

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