Today's Coming Crisis Movie

Thursday, March 1, 2012

Iran to accept any currency for oil

Iran has announced its readiness to receive payment for oil in national currencies of importing countries, as well as in gold. This was announced by head of the Central Bank of the Islamic Republic, Mahmoud Bahmani.

This year, the U.S. tightened sanctions against Iran, which apply to the Central Bank of the country, and its national banks.

At the same time, Washington has warned that sanctions would also be applied to international banks that use U.S. dollars in trade with Iran. As a result, foreign importers of Iranian oil are faced with the problem of payment for it.

Presently, Tehran is ready to accept any currency from countries acquiring its oil. Source