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Iran Ditches US Dollar for Euro in Financial Reports

Iran Ditches US Dollar for Euro in Financial ReportsIran Ditches US Dollar for Euro in Financial Reports

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.

As per the directive approved in the latest Cabinet meeting on Wednesday, all ministries and state-owned organizations and companies are obligated to henceforth present their official financial statistics and information using the euro, the official news portal of the Cabinet announced.

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