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Iran 'to accept payment in gold for oil'

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Iran 'to accept payment in gold for oil'

BBC - Feb 29, 2012
Iran is to accept gold instead of dollars as payment for its oil, the country's state news agency has said. The move comes as US and European Union sanctions against Iran have made it difficult for buyers to make dollar payments to Iranian banks. Mahmoud Bahmani, the governor of Iran's central bank, is reported to have said that the country would accept payment in gold "without any reservation". As part of the sanctions, the EU has passed a ban on buying Iranian oil. The EU's move will prohibit any company, in any member state, from buying ...

 

Iran to accept payment in gold from trading partners

Al-Arabiya - Feb 28, 2012
Iranian financial institutions have been hit by sanctions imposed by the United States and the European Union, making dollar payments to Iranian banks difficult. (Reuters)/ Iran will take payment from its trading partners in gold instead of dollars, the Iranian state news agency IRNA quoted the central bank governor as saying on Tuesday. Iranian financial institutions have been hit by sanctions imposed by the United States and the European Union in an effort to force Tehran to halt its nuclear program. Significant difficulties in making ...

 

Iran to Take Gold Payments From Trade Partners, Agency Says

Bloomberg - Feb 29, 2012
Iran will accept payments from trading partners in gold in addition to dollars and other currencies, central bank Governor Mahmoud Bahmani said, according to the official Islamic Republic Any nation can pay in its own currency, and Iran has already accepted goods as payment from China and India, the central bank said, according to IRNA. Iran will accept gold from any country, Bahmani said, according to the news agency. The European Union and U.S. have imposed sanctions to protest , restricting trade and financial transactions. The U.S. and ...

 

Iran says importers can pay for oil using domestic currency

Tehran Times - Feb 29, 2012
The Governor of the Iranian Central Bank Mahmoud Bahmani said that Iran will accept both gold and importing countries’ national currencies as payment for its oil. "In trade with foreign nations Iran will not limit itself to the U.S. dollar. Our trade partners may provide payment in its own currency. If the country wishes, it can pay us in gold, and we will accept it without any reservations," Bahmani said. Iran’s move is part of its efforts to move away from the hegemony of the petro-dollar. The U.S. has applied sanctions on entities that ...

 

Iran to Take Payments in Gold From Trade Partners, Agency Says

Business Week - Feb 28, 2012
Feb. 29 (Bloomberg) -- Iran will accept payments from its trading partners in gold in addition to dollars and other currencies, the official Islamic Republic News Agency reported, citing central bank Governor Mahmoud Bahmani. Any nation can pay in its own currency, and Iran has already accepted goods as payment from China and India, the central bank said, according to IRNA. Iran will accept gold from any country, Bahmani said, according to the news agency. The European Union and U.S. have imposed sanctions to protest Iran’s nuclear program, ...

 

Iran to Take Payments in Gold From Trade Partners, IRNA Says

Business Week - Feb 28, 2012
Feb. 28 (Bloomberg) -- Iran will accept payments from its trading partners in gold in addition to dollars and other currencies, the official Islamic Republic News Agency reported, citing central bank Governor Mahmoud Bahmani. Any country can pay in its own currency, and Iran has already accepted goods as payment from China and India, the central bank said, according to IRNA. Iran will accept gold from any country, Bahmani said, according to the IRNA. The European Union and U.S. have imposed sanctions to protest Iran’s nuclear program, ...

 



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