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Iran, Russia Dealing in Local Currencies, Euro

EghtesadOnline: Iran and Russia are currently conducting bilateral trade in their local currencies, rial and ruble respectively, as well as euro, a former official of Iran-Russia Chamber of Commerce said.
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Publish Date:03/June/2018 | 04:45

Iran, Russia Dealing in Local Currencies, Euro

EghtesadOnline: Iran and Russia are currently conducting bilateral trade in their local currencies, rial and ruble respectively, as well as euro, a former official of Iran-Russia Chamber of Commerce said.
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Publish Date:03/June/2018 | 04:45

Foreign Insurance Dealings in Euro

EghtesadOnline: Iran is determined to sideline the US dollar in its financial dealings for the past few years and the country’s insurance industry is no exemption, as it has emphasized a shift toward euro both on the local and international scale.
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Publish Date:05/May/2018 | 05:20

Iran Switch to Euro Reflective of Trade

EghtesadOnline: Iran’s decision to report foreign currency transactions in euro rather than the US dollar reflects the fact that the bulk of Iran’s foreign trade is with European and Asian countries and that it would be easier for the country, the head of Monetary and Banking Research Institute said.
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Publish Date:28/April/2018 | 05:21

Iran Ditches US Dollar for Euro in Financial Reports

EghtesadOnline: President Hassan Rouhani's administration on Wednesday officially discarded the US dollar as its currency of choice for financial reporting and opted for the euro.
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Publish Date:21/April/2018 | 11:40

Bigger Role for Euro

EghtesadOnline: Minister of Industries, Mining and Trade Mohammad Shariatmadari said since most of Iran’s trade is conducted in euro, the country is prepared to make a shift toward the European currency.
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Publish Date:15/April/2018 | 10:05

FX, Gold Markets Still Bullish in Tehran Market

EghtesadOnline: Most foreign currencies continued to gain against the rial on Wednesday in a rally that started from the early days of the current Iranian year that began on March 21. According to Fars News Agency, the rial was traded for 50,500 to the US dollar. Rial was also quoted at 61,800 to the euro in the unofficial market.
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Publish Date:08/April/2018 | 08:02

Iran Currency Market Gearing Toward Euro

EghtesadOnline: The ban imposed by the Industries Ministry on import orders based on US currency seems to be a win for the European currency.
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Publish Date:13/March/2018 | 09:03

Dollar Under Pressure; Euro Steadies Before ECB

EghtesadOnline: The dollar’s miserable week continued, with the greenback slipping against most major peers as traders digest the latest comments from White House officials. The euro was steady before the first ECB policy decision of the year, while stocks were mixed and crude gained.
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Publish Date:25/January/2018 | 11:30

Euro, USD Continue Rally

EghtesadOnline: The two high-demand currencies, namely euro and dollar, continued their rallies on Monday to register record highs against the rial.
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Publish Date:13/December/2017 | 13:11

Iran Seeks More Euro for Crude Exports to S. Korea

EghtesadOnline: Unenthusiastic about trading oil in the US dollar and South Korea's won, Iran wants more euro payments for the crude oil it sells to South Korea, Oil Minister Bijan Namdar Zanganeh said, signaling that Tehran supports a growing interest in moving away from dollar as the international currency in oil market.
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Publish Date:23/October/2017 | 13:29

Call for Iran-Sri Lanka Euro Dealing

EghtesadOnline: In line with Central Bank of Iran’s policy of ditching the US dollar in favor of the euro, Iran’s ambassador to Colombo has called on Sri Lankan banks to trade with Iran in the European Union’s single currency.
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Publish Date:15/October/2017 | 10:46

Iran, Turkey sign deal to trade in own currencies

EghtesadOnline: Iran and Turkey have signed a draft agreement to carry out trade activities based on their own local currencies instead of traditional foreign currencies such as the euro and the dollar.
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Publish Date:10/October/2017 | 14:16
Faster economic expansion will likely help offset euro rally's effect on price growth

ECB Worried About the Euro? Economists Say ‘Not So Much’

EghtesadOnline: European Central Bank Governing Council member Ewald Nowotny said last week that the euro’s recent rise shouldn't be “over-dramatized,” a notion that economists seem to agree with.
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Publish Date:05/September/2017 | 06:52

USD Remains Bullish

EghtesadOnline: The US dollar once again gained against rial in Tehran’s both open and official exchange markets on Saturday to maintain its uptrend against the Iranian currency.
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Publish Date:04/September/2017 | 07:59

Euro Hits Four-Year High in Tehran Market

EghtesadOnline: The euro gained against rial on Monday in Tehran’s market to register a new record for the European currency, as it surges in global markets.
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Publish Date:30/August/2017 | 14:04

Euro Bull Run Continues

EghtesadOnline: Euro kept gaining against rial in Tehran’s forex market on Tuesday to continue its bull run that started about eight days ago.
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Publish Date:30/August/2017 | 13:51

Iran forex exchange underway in euro: Minister

EghtesadOnline: Iran's banking relations with the European countries are underway in euro with no problem, Iran's Minister of Finance and Economic Affairs Ali Tayyebnia said on Monday.
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Publish Date:19/August/2017 | 24:24