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Iran to Replace US Dollar With Euro in Financial Reports

The Iranian rial has lost nearly two-thirds of its value to the US dollar over the last year; Amid currency crisis, the switch is aimed at circumventing restrictions on accessing US dollar and prevent market instability. April 20, 2018 — The government of Iran has announced plans to replace the US dollar with the euro in official financial reporting, according to state-run media. The move on Wednesday is seen as part of efforts to circumvent restrictions on accessing the US currency amid tensions with Washington, as well as prevent marketRead More