The Central Bank of Iran is planning to hold an event in Tehran to discuss international monetary relations and de-dollarization, the CBI deputy for international affairs, Mohsen Karimi, said.
"The central bank seeks to curb reliance on the US dollar and create effective monetary transactions and currency swap contracts with other countries," Karimi was quoted as saying by the CBI website.
Elaborating on CBI strategy for expanding bilateral currency exchanges and reducing dependence on the greenback, he said, "Talks are underway with several countries over ditching the USD in bilateral trade…We have made considerable progress in some cases." He did not elaborate nor name the countries.
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