Iran to dump the US dollar in response to Trump's travel ban

According to the local news agency PressTV, the Central Bank of Iran is seeking to replace the dollar with a new common foreign currency or use a basket of currencies in all official financial and foreign exchange reports.
The governor Valiollah Seif said it would come into force in the new financial year starting March 21, 2017.
The agency quotes Seif recommending using currencies with a “high degree of stability.”









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