Iran to use euro instead of US dollar in next year's budget

dpa German Press Agency
Published: Monday December 18, 2006

Tehran- Iran has decided to use the euro instead of the US
dollar in the country's budget for the next Iranian year (21 March
2007-20 March 2008), the news network Khabar reported Monday.
Government spokesman Gholam Hossein Elham said the switch would be
made not only in the budget but also in foreign as well as oil trade,
and also assets abroad, in a move to end Iran's dollar dependence.

© 2006 - dpa German Press Agency