The head of Iran's Central Bank says the country has gained $5 billion by excluding the U.S. dollar from its currency basket and replacing it with the euro, Iran's state-controlled news agency Press TV reports on its Web site Monday.
The head of
Iran
's
Central Bank says the country has gained $5 billion by excluding the U.S.
dollar from its currency basket and replacing it with the euro,
Iran
's
state-controlled news agency Press TV reports on its Web site Monday.
"
Iran
has
considerably reduced the total of U.S. dollars in its currency basket,"
Mahmoud Bahmani is quoted as saying at the 3rd Seminar on Banking Services and
Export in
Tehran
.
Since October 2007,
Iran
has
received 85% of its oil revenues in currencies other than the dollar, and it
has said it wants to find a substitute for the dollar for the remaining 15% of
its oil revenues, Press TV reports.
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