April 18, 2018 / 9:38 AM / 3 months ago

Iran switches from dollar to euro for its foreign transactions - state media

LONDON, April 18 (Reuters) - Iran has switched from the U.S. dollar to the euro as its official reporting foreign currency, state media reported on Wednesday.

The decision was taken in a cabinet meeting as the government tries to manage the exchange rates and support the plunging rial. (Reporting by Bozorgmehr Sharafedin Editing by Andrew Heavens)

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