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CBI Moves to Sideline USD
CBI Moves to Sideline USD
Tuesday, August 21, 2018

CBI Moves to Sideline USD

Sanarate has selected the euro, Chinese yuan and Emirati dirham as its three major currencies, with other currencies such as the British pound, Swiss franc and Canadian dollar also quoted at the bottom
By removing the US dollar from Sanarate, the policymaker has made a psychological decision instead of one fixated on a computational basis
Tuesday, August 21, 2018

CBI Moves to Sideline USD

As part of the latest measure to ditch the US dollar from the country's transactions, the Central Bank of Iran has removed the American currency from the list of Sanarate.ir, the website reporting the exchange rate of foreign currencies based on exchange bureaux information. 
The website reportedly stopped showing the US dollar exchange rate as of Sunday. As a result, those wanting to know the dollar's exchange rate will have to directly approach the exchange houses.
Instead, Sanarate has selected the euro, Chinese yuan and Emirati dirham as its three major currencies, with other currencies such as the British pound, Swiss franc and Canadian dollar also quoted at the bottom. 
The move came on the heels of the US dollar leaping ahead of the euro this week, which was considered odd by businesspeople. 

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08/21/2018
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