US Dollar

Russia exploring ways to replace dollar with euro, roubles in transactions

TEHRAN, Oct. 13 (MNA) – Russian Economy Minister Maxim Oreshkin said the country is considering alternatives to the US dollar for energy transactions and is exploring currency settlements in euros and roubles for energy exports to minimize US exposure.

Russia's Rosneft ditches dollar for all new export deals: report

TEHRAN, Oct. 04 (MNA) – Russia’s top oil exporter Rosneft has set the euro as the default currency for all its new export contracts in a move to reduce vulnerability to potential US sanctions, according to a report.

Iran, Iraq consider killing US dollar in bilateral trades: ambassador

TEHRAN, Aug. 09 (MNA) – In line with the efforts to boost the economic ties between Iran and Iraq, the two neighboring countries are considering ways to include local currencies in their bilateral trades to reduce reliance on US dollar, says the Iraqi ambassador to Tehran.

Lawmakers reject bill on bilateral monetary pacts

TEHRAN, Jul. 30 (MNA) – Iranian lawmakers have rejected a bill proposed by the government to conclude monetary pacts with other countries to break the monopoly of the US dollar in foreign trades.

Pres. Rouhani urges for intensifying efforts against smuggling of goods, forex

TEHRAN, Jul. 23 (MNA) – President Rouhani described more effort in fighting goods and currency smuggling essential for improving production conditions in the country, and stressed that all technical tools like start-ups must be used for controlling and fighting goods and currency smuggling.

Iran, Turkey ditched dollar for 35% of trade last year: Zarif

TEHRAN, Jul. 01 (MNA) – Iranian Foreign Minister Zarif, while stressing the dwindling power of US dollar in international transactions, said Iran and Turkey used national currencies for 35% of their bilateral trade last year.

Iran raps US for using dollar as weapon

TEHRAN, Jun. 28 (MNA) – Iranian Deputy Foreign Minister for Political Affairs Seyyed Abbas Araghchi said that United States uses dollar as a weapon.

Talks underway for signing bilateral monetary treaties: FM Zarif

TEHRAN, Jun. 23 (MNA) – Iranian Foreign Minister Mohammad Javad Zarif said Sunday that talks are underway with a number of countries including Turkey, Russia, and China, to sign or finalize mutual monetary treaties.

Turning away from USD: Russia, EU mull inclusion of national currencies in trades

TEHRAN, Jun. 16 (MNA) – Moscow and Brussels are keen on quickly extending the use of the ruble and the euro to bilateral payments, says the Russian Finance Minister Anton Siluanov.

Ditching USD, Iran’s aim in doing trade with Caspian Sea littoral states: chairman

Chairman of Iran-Russia Joint Chamber of Commerce Hadi Tizhoush Taban said that ditching US dollar is the main objective of the Islamic Republic of Iran in doing trade with the Caspian Sea littoral states.

Foreign currencies lose more value against Iranain rail

TEHRAN, May 20 (MNA) – The Iranian local currency the rial has regained almost 10% of its value against foreign currencies, especially the US dollar over the past few days.

Iran to launch integrated foreign exchange market next week

TEHRAN, May 11 (MNA) – The Central Bank of Iran will launch its newly-devised integrated foreign exchange market next week to define the real rate of the US dollar.

ASEAN consider inclusion of local currencies in trades to kill US dollar

TEHRAN, Apr. 28 (MNA) – The Association of Southeast Asian Nations (ASEAN) and its East Asian partners are considering the ways to add local currencies to their financial transactions to reduce reliance on the US dollar and maybe kill it softly over time.

Central bank fully controls foreign exchange market, says governor

TEHRAN, Apr. 07 (MNA) – Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati said Sun. that the enemies are constantly plotting against the country’s local currency the rial, saying in continuation of countermeasures, an organized market will be launched within two weeks to further thwart plots.

Iran, Russia ditch dollar in bilateral trade relations: Russian envoy

TEHRAN, Feb. 06 (MNA) – Russia’s Ambassador to Iran has said that Moscow and Tehran have given up the US dollar in settlement payments and planned to shift completely to national currencies, with euro to be used if there are no other options.

Industry min.:

Role of ‘rial’ to be strengthened in global exchanges

TEHRAN, Jan. 15 (MNA) – Minister of Industry, Mine and Trade Reza Rahmani said that role of Iranian ‘rial’ would be strengthened in financial exchanges with many countries in the world and this issue is of the main macro policies of the government that should be taken into serious consideration.

CBI reports measures taken for controlling forex market to top authorities

TEHRAN, Dec. 23 (MNA) – The Central Bank of Iran (CBI) reported the measures it has taken so far for controlling foreign exchange market to the Supreme Council of Economic Coordination, chaired by President Rouhani.

US undermines long-term faith in dollar by imposing sanctions: Russian FM

TEHRAN, Dec. 17 (MNA) – Russian Foreign Minister Sergey Lavrov has said that Washington is undermining the dollar over the long term by imposing new sanctions not only against Russia, but against its allies as well.

CBI calls on banks, exchange shops to buy ordinary people’s dollars

TEHRAN, Dec. 12 (MNA) – As the prices of foreign currencies against that Iranian rial continued to fall on Wednesday, the Central Bank of Iran (CBI) called on state banks and exchange shops to buy the US dollars that people offered to sell in the free market to avoid further depreciation of their properties.

US behavior creates international disorder: Larijani

TEHRAN, Dec. 08 (MNA) – Iranian Parliament Speaker Ali Larijani said that the behavior of the United States has thrown the international field into disorder.

AEOI chief:

EU's trade mechanism hopefully to be launched by year end

TEHRAN, Dec. 06 (MNA) – Iran's nuclear chief Ali-Akbar Salehi said Thu. that Europe’s promised trade mechanism aimed at facilitating trade with Iran in the face of US sanctions will hopefully come into effect by the end of December.

Nemati:

Iran’s oil sales predicted at 1.5mn bpd for $54 each in 2019

TEHRAN, Dec. 03 (MNA) – Spokesman for presiding board of the Iranian Parliament said Mon. that the government has estimated the sale of 1.5 million barrels of oil per day (bpd) for the next fiscal year (starting 21 Mar. 2019).

Russia working on financial system independent from SWIFT: Putin

TEHRAN, Nov. 28 (MNA) – Russian President Vladimir Putin said that Moscow is working with its major partners to create financial systems that are not dependent on the Society for Worldwide Interbank Financial Telecommunication (SWIFT).

Iran Central Bank chief says foreign currencies’ prices to decline further

TEHRAN, Nov. 28 (MNA) – Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati said Wed. that the declining trend of the foreign currencies’ prices against Iranian rial will continue as the Iranian exporters increase their forex supplies to official market.

CBI chief stresses need for formation of organized forex market

TEHRAN, Nov. 22 (MNA) – Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati has stressed the need for bringing the free and official markets into a one single organized market.