TEHRAN, Nov. 21 (DAY) – Western currencies have been almost completely phased out in trade between China and Russia, as nearly all payments between the countries are now carried out in rubles and yuan, Russia’s first deputy prime minister said.
TEHRAN, Sep. 09 (DAY) – The Governor of the Central Bank of Iran (CBI) announced that the dollar will be removed from tourism exchanges with the countries of the region.
TEHRAN, Aug. 30 (DAY) – The share of the US dollar in international reserves fell below 60%, while the share of alternative currencies in international settlements is increasing, Russian Foreign Ministry Spokeswoman Maria Zakharova said on Wednesday.
TEHRAN, Aug. 27 (DAY) – The Euro has dipped in an unprecedented display of its decline in global payments through SWIFT, highlighting a shift in preference towards the greenback and the Chinese yuan.
TEHRAN, Aug. 22 (DAY) – The US dollar is losing its global role in an “objective and irreversible” process, the Russian president told participants at the BRICS Summit in South Africa on Tuesday.
TEHRAN, Aug. 22 (DAY) – The Iranian parliament speaker told the visiting Malaysian foreign minister that under oppressive sanctions, Iran seeks to expand bilateral economic and banking ties with other countries without using the US dollar.
TEHRAN, Aug. 21 (DAY) – Russia and a number of other countries are consistently reducing the dependence on the dollar, switching to local currency settlements, Russian Foreign Minister Sergey Lavrov said.
TEHRAN, Jul. 09 (DAY) – A senior Iranian diplomat hailed a plan by the BRICS member states to introduce a common currency in their international trade, emphasizing that the move will be a challenge to the dominance of the US dollar and the euro.
TEHRAN, Jul. 08 (DAY) – The Iran-Iraq Joint Chamber of Commerce Chairman said that by exchanging dinars instead of dollars in transactions with Iraq, getting rid of dollar dominance in imports and exports will be realized.
TEHRAN, Jul. 04 (DAY) – Along with militarism, what forms the basis of the Western domination system is the dominance of the dollar, said the Iranian President, adding that the removal of the dollar is needed to shape a fair international system.
TEHRAN, Jul. 03 (DAY) – Indian Oil Corporation, the country’s biggest buyer of Russian crude oil, in June became the first state refiner to pay for some Russian purchases in yuan, three sources familiar with the matter said, according to media.
TEHRAN, Jun 30 (DAY) – Nicaragua wants to pay for Russian grain in national currencies, its foreign minister Denis Moncada told Russian media on Thursday.