Tuesday, August 10, 2010

Iran to get rid of its dollar and euro reserves in response to the latest U.N. sanctions

TEHRAN, Iran — Iran announced plans Monday to get rid of its dollar and euro reserves in response to the latest U.N. sanctions over its contested nuclear program.

The U.N. Security Council imposed a fourth round of sanctions on Iran in June because of its refusal to halt uranium enrichment. Tougher unilateral U.S. and European Union sanctions followed in July.

"To fight sanctions, we will remove the dollar and euro from our foreign exchange basket and will replace them with (the Iranian) rial and the currency of any country cooperating with us," Vice President Mohammad Reza Rahimi told Iran's semiofficial Fars news agency. "We consider these currencies (dollar and euro) dirty and won't sell oil in dollar and euro," he added.

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1 comment:

  1. Hillarious. No country is cooperating with Khamenei.

    ReplyDelete