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Iran reports $5bln savings on dollar switch

Posted on 24 November 2009

From Upstreamonline.com: Iran has gained $5 billion through its policy of shifting away from the US currency in favour of the euro, state television reported today, citing Central Bank Governor Mahmoud Bahmani.

Since late 2007, the Islamic Republic has received 85% of its oil income in currencies other than the US dollar, Reuters cited English-language Press TV as reporting on its website………………………..Full Article: Source

 
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