Iran ready to sell oil in any currency: central bank
Tehran, Aug 13 (AFP) 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 today.
"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.
The governor did not say whether or not Iran, the second largest exporter in the Organisation of Petroleum Exporting Countries, would snub both the dollar and the euro, as announced by a top official earlier this week. - (Agencies)
Aug 13, 2010
Tehran, Aug 13 (AFP) 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 today.
"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.
The governor did not say whether or not Iran, the second largest exporter in the Organisation of Petroleum Exporting Countries, would snub both the dollar and the euro, as announced by a top official earlier this week. - (Agencies)
Aug 13, 2010