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.”
decision comes after President Trump temporarily banned citizens of
Iran, Iraq, Libya, Somalia, Sudan, Syria, and Yemen from entering the
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