Iran Intends to Conduct Business in Euros, Yuan, but Not in Dollars

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Translated by Ollie Richardson for Fort Russ

10th February, 2016


Iran intends to conduct business in Euros, Yuan and other “strong” currencies, but not in Dollars, said the acting Deputy Oil Minister Masoud Esfahani Hashemian.

“Because there are some restrictions on us because of JPOA (joint comprehensive plan of action to resolve the nuclear program), we don’t want to depend on the Dollar and circulation of the Dollar in the world,” he said when answering the question about the failure of profit from oil exports in Dollars.

He added that, “Our business will be conducted in Euros and Yuan and some other strong currencies.”

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