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December 18, 2006

Iran To Denominate Foreign Deals In Euros

December 18, 2006 -- Iran announced today it has ordered its central bank to use euros for foreign transactions and convert the state's dollar-denominated assets held abroad to the euro.


Government spokesman Gholam Hossein Elham said the move would apply to oil revenues from the world's No. 4 crude producer.


(AFP)
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