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Iran shuns greenback deals
- Iran: Sunday, November 04 - 2007 at 14:19
An official at the National Iranian Oil Company (NIOC) has revealed that 85% of the Islamic Republic's oil deals are now conducted in currencies other than the US dollar, reported the Tehran Times. The NIOC has requested that purchasers pay in alternative currencies so that Iran can reduce its 'dollar dependence'. The US is currently leading an aggressive economic boycott of Iran over its disputed nuclear policy.
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Jonathan Sheikh-Miller, Deputy EditorSunday, November 04 - 2007 at 14:19 UAE local time (GMT+4)
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