Iran to replace dollar with euro
Добавлено: 18 дек 2006, 16:46
Iran to replace dollar with euro
The Iranian central bank is to convert the state's foreign dollar assets into euros and use the euro for foreign transactions.
"The government has ordered the central bank to replace the dollar with the euro to limit the problems of the executive organs in commercial transactions," said Gholam Hossein Elham, a government spokesman, on
Monday.
"We will also employ this change for Iranian assets (in dollars) held abroad."
Elham added that Iran's budget would in future be calculated in euros.
"Until now the budget has been calculated according to revenues in dollars but this calculation will now change," he said.
The Iranian central bank is to convert the state's foreign dollar assets into euros and use the euro for foreign transactions.
"The government has ordered the central bank to replace the dollar with the euro to limit the problems of the executive organs in commercial transactions," said Gholam Hossein Elham, a government spokesman, on
Monday.
"We will also employ this change for Iranian assets (in dollars) held abroad."
Elham added that Iran's budget would in future be calculated in euros.
"Until now the budget has been calculated according to revenues in dollars but this calculation will now change," he said.