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Syria, Iran set up non-dollar payment channel
Iran and Syria enabled their banks to conduct transactions in their local currencies and non-dollar foreign currencies, lifting a key hurdle to their trade and investment.
CBI sees stable rial despite pressure from US
Iran has adequate currency supplies to cover trade, and the rial has stabilized after 'a heavy attack' from the US-led economic sanctions on the Islamic Republic, said the governor of Central Bank of Iran (CBI).
Euro edges off lows as dollar rally takes a pause
The euro clawed itself off recent lows on Monday as the dollar paused near 18-month highs and traders waited to see whether the U.S. Federal Reserve’s policy meeting this week would calm nerves about slowing global economic growth.
EU pushes euro to break dollar dominance
The EU commission on Wednesday presented its plan to reduce the dollar's overwhelming dominance of the global economy and to strengthen the role of the euro, particularly for energy transactions.
SWIFT's Iran ban will expedite global de-dollarization
The blacklisting of Iran from international financial messaging system SWIFT will hasten the demise of the dollar, stockbroker-turned broadcaster Max Keiser told RT.
India mulls ditching dollar in oil trade With Russia, Iran, Venezuela
This week, Russian President Vladimir Putin called Washington's sanctions policy a 'colossal strategic mistake' which has only served to undermine the dollar's credibility as a global reserve currency.
Dollar down as Iran’s Rial regains lost values
The US dollar went on a downhill spiral in Monday trading in Iran’s free currency market by experiencing a historic plunge of above 20 percent within only hours.
Receding risk aversion drives dollar  lower against most major currencies
The US Dollar finished lower against a basket of major currencies last week after an easing of tensions over the trade dispute between the United States and China encouraged investors to lift dollar hedges. The Reserve Bank of Australia (RBA) warned on risks to its outlook from US-China trade tensions and weak wages, while reaffirming its next interest rate move would likely be a hike. The New Zealand Dollar was boosted after data showed its economy grew at a faster pace than expected in the second quarter. The Bank of Japan (BoJ) reiterated last Wednesday that it would keep interest rates extremely low “for an extended period,” holding to forward guidance it first introduced in July.
Iraq officially removes US Dollar from Iran trade
Iraq indicated that it has officially removed the US dollar in trade with Iran by announcing a legal limit for passengers to carry along Euros - instead of the customary US Dollars - into the Islamic Republic.
Dollar out, Yuan in: Iran changes benchmark currencies
Iran has removed the US Dollar from its official currency rate reporting platform and replaced it with China’s Yuan in an effort that the media in Tehran say could be a key step toward ditching the greenback in trade.
Downstream firms to receive petrochemical feeds based on official dollar rate
Ministry of Industry, Mine and Trade plans to provide downstream companies with petrochemical feedstocks on the basis of the official exchange rate for the US dollar which is about 42,000 rials, said the secretary of the Association of Petrochemical Industry Corporations.
From Nigeria to Iran, nations begin ditching dollar
The number of countries switching to national currencies to settle bilateral trade deals is growing in the face of the US weaponization of the dollar.
Iran currency at a record low
Iran’s currency plunged to another record low on Sunday, dropping past 100,000 rials to the US dollar following US decision to reimpose sanctions against Tehran after unilateral withdrawal from the Iran nuclear deal in May.

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