Iran ready to sell oil in any currency rather than US dollar
Iran has made arrangements to start selling its oil in any currency rather than just the US dollar, central bank chief Mahmoud Bahmani said in a report on Friday, foreign media reported.
"We will do our trade in any currency possible," said Bahmani, quoted by the ISNA news agency, without giving a launch date for the policy or specifying if Iran would refuse to be paid in dollars.
"Maybe a country wants to use its own currency in trade -- we will accept that," he said, adding that the Islamic republic would have to absorb any "additional cost" associated with the switch.