Iran ready to sell oil in any currency
Tehran, August 14: Iran has made arrangements to start selling its oil in any currency rather than just the US dollar, central bank chief Mahmoud Bahmani said in a report on Friday.
“We will do our trade in any currency possible,” said Bahmani, quoted by the ISNA news agency, without giving a launch date for the policy or specifying if Iran would refuse to be paid in dollars.
“Maybe a country wants to use its own currency in trade — we will accept that,” he said, adding that the Islamic republic would have to absorb any “additional cost” associated with the switch.