Source Pravda.Ru

Iran bans US dollar

The government of Iran imposed new restrictions on the use of the US dollar in the country. The use of the US dollar for import operations in the Islamic Republic of Iran has been banned from February 28, Forbes reports with reference to Iranian media.

Starting from February 28, any supply orders or other import declarations where US dollars are used will not be processed by the Iranian customs authorities.

According to Mehdi Kasraipur, the director of Foreign Exchange Operations and Policy Department of the Central Bank of Iran, the new rules should not affect current trading operations much, given that the use of the American currency in Iran was already limited. Iranian banks could not conduct operations in US dollars because of US sanctions.

"Given that the use of the dollar in Iran is already prohibited, traders use alternative currencies in their transactions. Therefore, there is no longer any reason to quote prices in dollars in invoices," the official said.

It is worthy of note that the Iranian national currency, the rial, has dropped vs. the US dollar by eight percent this year. Specialists believe that most of Iran's foreign trade transactions will be carried out in euros.

Pravda.Ru


Iran and Russia to create anti-NATO

Russia's Ministry for Foreign Affairs is seriously concerned about the state of health of former Russian intelligence officer Sergei Skripal and his daughter Yulia. Sergei Skrypal's niece, Victoria Skripal, said that her uncle had already died.

UK wants Sergei Skripal dead

The Basmanny Court of Moscow arrested Michael Calvey, the founder of Baring Vostok investment fund, on allegations of embezzling 2.5 billion rubles from Vostochny Bank. Calvey will be held in custody until April 13

Putin informed about arrest of US investor Michael Calvey
Comments
Three types of weapons that were stolen from Russia
Russia to start testing HIV vaccine in 2019
Russia to start testing HIV vaccine in 2019
Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech
The Hypocrisy of the Chinese World Dog Show
Smartphones and social networks not allowed in the Russian Army
The Hypocrisy of the Chinese World Dog Show
It was US and UK that sank Russia's Kursk submarine
Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech
Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech
Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech
Jehova's Witnesses hunted down in Russia
Jehova's Witnesses hunted down in Russia
Jehova's Witnesses hunted down in Russia
Smartphones and social networks not allowed in the Russian Army
What Prime Minister Theresa May needs to understand
What Prime Minister Theresa May needs to understand
What Prime Minister Theresa May needs to understand
Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech
Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech
Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech