Economic

Iran to replace US dollar with euro in financial reporting

“Iran announced plans on Wednesday to replace the US dollar with the euro in official financial reporting, according to Al Jazeera, following the first foreign exchange swap in Iranian rial and Turkish lira. The initiatives come amid a currency crisis which has spiraled out of control this year, seeing the rial fall to a record low of more than 60,000 to the dollar.”

Source: Iran to replace US dollar with euro in financial reporting | Asia Times

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