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

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Reuters LONDON
Last Updated : Apr 18 2018 | 3:25 PM IST

LONDON (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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First Published: Apr 18 2018 | 3:11 PM IST

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