CBI breaks with the US dollar

Could this be the beginning of the end of Dollar Hegemony? 

The Central Bank of Iran says the process of converting the country’s dollar reserves to other foreign currencies has been completed.

The process of diversifying Iran’s foreign exchange reserves by converting reserves held in dollars to other currencies is almost complete, Fars news agency quoted Tahmasb Mazaheri, President of the Central Bank of Iran, as having told the American publication, The Emerging Market.

Read more

One thought on “CBI breaks with the US dollar

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s