Iran seeks to get rid of dollar in trade transactions

Azerbaijan, Baku, Dec.3/ Trend G.Mehdi/

The Central Bank of Iran hopes to get rid of dollar is its trade transactions while preserving the value of rial against foreign currencies, the ILNA reported.

Central Bank Governor Mahmoud Bahmani has said that unfortunately over the past 50 years, Iran's trade has been carried out mainly using dollar. So, the national economy has faced ups and downs with fluctuations in the dollar price, he added.

Concluding deals with countries which are not economically dependent on dollar is among the possible ways toward the goal, he said.

Iran conducted $65.4 billion in trade of non-oil goods with other countries during the first eight months of the current Iranian calendar year, which began on March 20, according to Iranian Customs Administration Director Abbas Memarnejad.

Iraq, China, and the United Arab Emirates were the three top importers of Iranian goods during the period, while the United Arab Emirates, China, and Turkey were the leading exporters of goods to Iran, Memarnejad said.

In July, Finance and Economic Affairs Minister Shamseddin Hosseini said Iran conducted economic transactions with 150 countries in the previous Iranian calendar year (March 2011-March 2012). And about 80 countries transited their products through Iran, he added.

Iran continues trading with the world at a brisk pace, even though certain countries are currently trying to create obstacles in order to hinder the country's economic progress, the finance minister said.

At the beginning of 2012, the United States and the European Union imposed new sanctions on Iran's oil and financial sectors with the goal of preventing other countries from purchasing Iranian oil and conducting transactions with the Central Bank of Iran.

U.S. sanctions entered into force on June 28, while EU bans on Iranian oil imports came into force on July 1.

In October, the EU approved another major package of economic sanctions on Iran.

Iranian Energy Exchange announces products to be on sale November 24
Iranian Energy Exchange announces products to be on sale November 24
Iran preparing to use water reservoir on Araz River on border with Azerbaijan
Iran preparing to use water reservoir on Araz River on border with Azerbaijan
Expert explains Iran's current limits with its oil, oil product exports, revenues
Expert explains Iran's current limits with its oil, oil product exports, revenues
Loading Bars
Latest
Turkmenistan participates to the 2020 Afghanistan Conference
Mine explosion in Karabakh injures Russian officer on search mission
Azerbaijan's Culture Ministry urges French cultural figures to be honest and impartial
Baku Metro, Almetcon LLC sign contract on installation of aluminum windows
Georgian Poti Free Industrial Zone talks about ongoing projects
Azerbaijan expects growth of pomegranate yield
Iranian Energy Exchange announces products to be on sale November 24
Azerbaijani First VP Mehriban Aliyeva shares footage from Aghdam (VIDEO)
Growth of monetary aggregates observed in 9M2020 - Central Bank of Azerbaijan
Iran preparing to use water reservoir on Araz River on border with Azerbaijan
Main source of self-financing for Tbilisi City Hall to be tax revenues
Azerbaijan to make amendments to e-mortgage & loan guarantee system
Lufthansa to resume flights to Iran
Azerbaijan investigating criminal case against Armenian ex-minister
CoE approves trilateral declaration to end all hostilities between Armenia and Azerbaijan
Goods stuck in Iran customs exceed 550,000 tons
Iran claims its COVID-19 death toll to decrease next month
Iran’s Bahar Azadi gold coin price starts to rise
Uzbek currency rates for November 23
Turkmen Ministry of Construction extends tender for construction of checkpoints
Iran reveals investments for Markazi Province
Azerbaijani consumers prefer to buy car on credit - expert
Kazakhstan to establish facilities around big plants in Kyzylorda region
Azerbaijan to initially organize educational tourism in liberated districts - state agency
Expert explains Iran's current limits with its oil, oil product exports, revenues
Iran-Afghanistan, Khaf-Herat railway to open soon
Kazakhstan decreases exports to Netherlands amid COVID-19
Georgian Tskali Margebeli company may increase prices of products
Uzbek commodity exchange trading floor opened in Ukraine
Innovative Technology Park in Uzbekistan starts developing robots production
Azerbaijani mortgage fund issues regular bond interests
Prices of old apartments decline in Georgia
Azerbaijan confirms 634 more COVID-19 recoveries
Turkmenistan's Turkmentehnogurlusyk opens tender for audit
Turkey announces commissioning date for logistics center in Kars province
Iranian tourists reduce visits to Turkey amid COVID-19 pandemic
Azerbaijani organizations to benefit from Visa's updated Fast Track program
Azerbaijan discloses revenues from passenger, cargo transportations via TRACECA
Toyota leads re-exported vehicle brand from Georgia
Iran to launch Bostanabad-Tabriz railway line
Kazakhstan increases imports from France despite COVID-19
Transportation of Caspian oil via Baku-Supsa pipeline increases
Tbilisi’s residential property sales marginally down in October
Kazakhstan and Turkmenistan holding negotiations on possible gas supplies
Kazakhstan to build desalination plants in Mangystau region
Iran to allocate funds for the rehabilitation of Anzali Wetland
Iran to distribute domestic COVID-19 vaccine by summer of 2021
Netanyahu met Saudi crown prince, Pompeo in Saudi Arabia on Sunday
Citizens of Russia and Ukraine will be able to return from Azerbaijan to their homeland
Lithuanian - Turkmen cooperation not affected by COVID-19
Rompetrol opens its flagship station in Georgian Borjomi
Lithuania interested in developing co-op with Turkmenistan in transport sector
Azerbaijan’s AzerGold to pay investor fee on placement of second tranche of bonds
Iran discloses number of licenses issued in Mazandaran Province
Fitch Ratings forecasts growing share of problem loans in Azerbaijan
Deputy minister talks tree-planting campaigns in liberated lands of Azerbaijan
Azerbaijan boosts import of cars in 10M2020
Azerbaijan strengthens preventive measures related to coronavirus in justice system – Justice Ministry
Death toll from coronavirus pandemic in Iran surpasses 45,000
Gold, copper ores output decreases in volume in Kazakhstan
Iran eyes to link Persian Gulf with Caspian Sea via railway
Kazakhstan's revenue from maritime cargo transport increases
Azerbaijan aims to put Armenian ex-defense minister on int'l wanted list
Azerbaijan establishes Nagorno-Karabakh Regional Department of Justice Ministry
Uzbek-Korean JV announces tender for transport services
Russian shipbuilding corporation plans to start construction of ships in Turkmenistan
Iran reveals forecast on employment for Lorestan province
Ambassador Manig: Germany will strengthen Council of Europe by focusing on initiatives enabling better protection of citizens (INTERVIEW)
Batch of new Hyundai buses delivered to Turkmenistan
Uzbek commodity exchange to buy tires via tender
Azerbaijan ramps up exports to CIS countries
Ceyhan terminal transships 188 million barrels of ACG oil
Iran discloses balance of bank loans
Azerbaijani State Fire Control Service begins work in liberated districts
Uzbekistan boosts grape exports to Russia in September
Uzbek chemical enterprise starts commissioning of new fertilizer plant
Uzbekistan’s Jizzax Organic to import cattle from Europe
Uzbek Jizzax Organic predicts increase of purebred sheep herds in Uzbekistan
Famous UK-based poetess of Azerbaijani origin appeals on Armenian ecological terror (VIDEO)
Volume of gold exports stops growing in Uzbekistan
Iran doing research on several types of COVID-19 vaccines
Inflation rate in Iran increasing
Turkey sees decline in inflow of Azerbaijani tourists over 10M2020
Central Bank of Azerbaijan reveals funds attracted through auctions
Georgia reports 3,958 new cases of coronavirus
Expert assesses pros and cons of vehicles sale on Iran's Mercantile Exchange
Fitch Ratings reveals outlook of Azerbaijan's current account deficit for next year
Banks' supply exceeds demand at deposit auction of Central Bank of Azerbaijan by five times
Industrialization projects underway in Kazakh Kyzylorda region
Details of products sold at Iran Mercantile Exchange revealed
Fitch talks about Georgian Railway's tariffs
Uzbekistan's foreign trade turnover down in October
Uzbekistan’s Fergana Oil Refinery cuts heating oil price
Kazakhstan Railways opens tender to buy pipes
Iran's home appliance market affected by imports
Turkmen manufacturer of electronic equipment plans to expand its product line
Weekly review of Azerbaijan's oil market
Most COVID-19 patients baselessly prescribed antimicrobial medicines - WHO
Investments in Iran’s Gilan Province to increase
Kazakhstan to put into operation new vegetable oil production plant
All news