Reuters:

Iranian government institutions will start reporting foreign currency amounts in euros rather than U.S. dollars, state media said on Wednesday as part of the country’s effort to reduce its reliance on the American currency.

The decision was made at a cabinet meeting, state broadcaster IRIB said.

Central bank governor Valiollah Seif said last week that Supreme Leader Ayatollah Ali Khamenei had welcomed his suggestion to replace the dollar with the euro in Iran’s foreign trade, as “dollar has no place in our transactions today”.

Tehran has been trying for years to move away from the dollar because of political tensions with Washington, although much of the country’s international trade is still conducted in dollars and ordinary Iranians use them for travel and savings.

Go to link