IRAN SWITCHES FROM US DOLLAR TO EURO FOR OFFICIAL REPORTING CURRENCY

KYC 360 reported on 19th April that Iran will start reporting foreign currency amounts in euros rather than US dollars, as part of the country’s effort to reduce its reliance on the U.S. currency due to political tension with Washington.

https://kyc360.com/news/iran-switches-dollar-euro-official-reporting-currency/

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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