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 WHOA: Iran Bans Use Of US Dollars In Trade

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WHOA: Iran Bans Use Of US Dollars In Trade Vide
PostSubject: WHOA: Iran Bans Use Of US Dollars In Trade   WHOA: Iran Bans Use Of US Dollars In Trade Icon_minitimeThu Mar 01, 2018 7:19 pm
In what may be a preemptive move against further US sanctions, Tehran announced that going forward, merchant purchase orders that are denominated in US Dollars would no longer be allowed to go through import procedures.

According to the state-owned IRNA news agency, the policy is in line with an official request by the Central Bank of Iran and is meant to address fluctuations in market rates of the US dollar. Quoted by IRNA, the central bank director of Foreign Exchange Rules and Policies Affairs, Mehdi Kasraeipour, said the move had "become effective from Wednesday by virtue of a letter sent to the Ministry of Industry, Mines and Trade."

WHOA: Iran Bans Use Of US Dollars In Trade 20120103_JPM_reserve_0

https://www.zerohedge.com/news/2018-03-01/iran-bans-use-us-dollars-trade
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