Wednesday 29 February 2012

Tehran considers trade payments in gold - FT.com

Iran is to consider accepting gold as payment for oil and other commodities in what is seen as a fresh attempt to skirt international sanctions on the country’s nuclear programme and ease their impact on Iranian businesses and consumers.
“In addition to [the US] dollar and currencies of the trading countries, Iran could take gold in its commercial transactions with other countries,” Mahmoud Bahmani, Iran’s central bank governor, told domestic Iranian news agencies.

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