Another bold move by Iran this week against the dollar, as INRA reported the central bank governor say Iran will accept payment in gold instead of dollars. This move follows on from previous agreements Iran has announced ie. trading with Uruguay for rice etc.

ZeroHedge reported as follows:

We had a totally different perspective on things “A Very Different Take On The “Iran Barters Gold For Food” Story” in which we essentially said that Iran, with the complicity of major trading partners like China, India and Russia is preparing to phase out the petrodollar: a move which would be impossible if key bilateral trade partners would not agree to it. Gradually it appears this is increasingly the case following a just released Reuters report that “Iran will take payment from its trading partners in gold instead of dollars, the Iranian state news agency IRNA quoted the central bank governor as saying on Tuesday.”

Original source from PressTv.

Governor of the Central Bank of Iran Mahmoud Bahmani says the country can trade in currencies other than the American dollar in its foreign transactions.

“Iran does not just work with the dollar in trade transactions and every country can pay in its own currency,” said Mahmoud Bahmani on Tuesday.

Bahmani added that Tehran could receive gold in its transactions instead of currency transfers.

In case a country is willing to pay for the price of its imports from Iran in gold, there is no problem in this respect, he noted.

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