Iran Bans US Dollar in Trade Activities to Beat Sanctions
Mehdi Kasraeipour, the Central Bank of Iran’s director of foreign exchange rules and policies, said the move is unlikely to meet with resistance. Iran has banned the use of the U.S. dollar in all trade transactions, prohibiting businesses from registering import orders using the currency. The Ministry of Industries, Mining and Trademade the announcement Wednesday, following an official request by the Central…