Tag: Central Bank of Iran

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President Raisi Calls on Central Bank of Iran to Ditch US Dollar in Trade, Shift to National Currencies

May 10, 2023

Iranian president Ebrahim Raisi has called on the Central Bank of Iran to lay the groundwork necessary to ditch the U.S. dollar for bilateral trade settlements and to make the switch to use the Iranian real whenever possible. The Central Bank of Iran has already started implementing this policy, proposing to pay bilateral trades using…
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Up to 12 Million Iranians Own Cryptocurrency, Traders Choose Local Exchanges

November 1, 2021

Cryptocurrencies are a popular investment among Iranians and estimates suggest that the number of those who already own one coin or another may be as high as 12 million. The majority of Iranian traders prefer the services of local crypto exchanges, the chief executive of one of them claims. Iranians Said to Transfer $180…
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