Economy, Business And Markets
0

Non-Dollar Charges for Consular Services in Iraq

Non-Dollar Charges for Consular Services in IraqNon-Dollar Charges for Consular Services in Iraq

Iran’s diplomatic offices in Iraq will charge their consular services in either euros or dinars instead of the US dollar, effective from Tuesday as part of a new Iranian policy to reduce its reliance on the US currency. The legal risks posed by US sanctions against the Islamic Republic have made overseas lenders and firms unwilling to do business with Tehran, IBENA reported.

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com