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Iran-China traders agree to sideline US dollar
Senior officials of Iran and China laid emphasis on reducing the role of the US dollar in their bilateral trade.
Russia to reduce reliance on US dollar
The Russian government will intensify efforts to cut the country’s dependence on US payment systems and the dollar as a settling currency, said Deputy Foreign Minister Sergey Ryabkov on Monday, as quoted by RIA Novosti.
Iran's deal with Russia bypasses US dollar through bartering
Iran has signed an agreement with Russia to trade crude oil for products with US dollars entirely absent from the transaction.
Gold hits highest level in over a month amid dollar, Brexit concerns
Gold has hit to its highest level in over a month on Tuesday buoyed by a weaker US dollar before a news conference by US President-elect, Donald Trump on Wednesday and Britain's uncertain exit from the European Union.
High dollar rates spark criticisms in Iran
The runaway dollar has sparked serious concerns in Iran over what many believe could eventually prove costly for a country which has been planning for months to reap the benefits of the removal of the sanctions.
Dollar slips as investors question whether Trump can deliver growth
The dollar declined on Monday as market participants waited to see if the administration of incoming US president Donald Trump can deliver new pro-growth economic policies next year.
Banks told to sell dollars at free rates
Central Bank of Iran (CBI) announced that it has authorized banks to deal in foreign exchange trading at a free-market rate — a move which is expected to help control the rising rates of the dollar.
Why strengthening dollar is bad for world economy
The world’s most important currency is flexing its muscles. In the three weeks following Donald Trump’s victory in America’s presidential elections, the dollar had one of its sharpest rises ever against a basket of rich-country peers. It is now 40 percent above its lows in 2011. It has strengthened relative to emerging-market currencies, too. The yuan has fallen to its lowest level against the dollar since 2008. Anxious Chinese officials are said to be pondering tighter restrictions on foreign takeovers by domestic firms to stem the downward pressure. India, which has troubles of its own making has seen its currency reach an all-time low against the greenback. Other Asian currencies have plunged to depths not seen since the financial crisis of 1997-98, The Economist wrote.
Scrapping dollar dealings vital
By Kazem Dousthosseini
Iran tells banks US approved dollar deals
Iran says the US Treasury Department has effectively opened the way for non-American banks and financial institutions to proceed with dollar-dominated transactions with Iranians.
British pound hit fresh lows against dollar
The British pound hit fresh lows against the dollar and the euro on Wednesday as financial turmoil intensifies in the wake of UK’s decision to leave the European Union.
Zarif: Billion dollar trade with Poland in sight
Iranian Foreign Minister Mohammad Javad Zarif voiced his satisfaction over the economic cooperation between Tehran and Warsaw, and said the two countries can easily achieve the volume of one billion dollars of trade exchanges.
Yen surges again, hitting stocks and dollar
The yen rallied to an 18-month high on Friday as investors wagered the Bank of Japan might be done adding fresh stimulus to the economy, weighing on stock markets around the world.
Ryan opposes giving Iran access to dollar
US House Speaker Paul Ryan said on Thursday that he opposes any effort to give Iran access to the US dollar.
‘US may soon allow dollar deals with Iran’
New indications of a major opening in business with Iran appeared on Thursday when officials in Washington said the Obama administration may soon allow dollars to be used in doing business with Iran.

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