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Wednesday, February 01, 2017

Nothing to see here ( Iran to dump the US dollar in response to Trump's travel ban )

https://www.rt.com/business/375789-iran-dollar-trump-ban/

According to the local news agency PressTV, the Central Bank of Iran is seeking to replace the dollar with a new common foreign currency or use a basket of currencies in all official financial and foreign exchange reports.
The governor Valiollah Seif said it would come into force in the new financial year starting March 21, 2017.
The agency quotes Seif recommending using currencies with a “high degree of stability.”
The decision comes after President Trump temporarily banned citizens of Iran, Iraq, Libya, Somalia, Sudan, Syria, and Yemen from entering the US.
After Trump’s election, the Iranian rial saw record lows against the dollar. On December 27 it plunged to its all-time low of 41,600 rials to the dollar.

No Coincidence  http://www.reuters.com/article/us-usa-iran-missiles-idUSKBN15G3ZO




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