Middle East Economic Survey

VOL. L

No 27

2-July-2007

IRAN

Iran Reiterates Intention To Minimize Holding Of Dollars In Reserves

Iran continues to reduce the share of the US dollar in its foreign exchange reserves, the Vice-Governor of the Central Bank of Iran (CBI) Jafar Mojarrad told Reuters on 23 June on the sidelines of a meeting of central bank governors at the Bank of International Settlements in Basel. We are not doing any dollar transactions so there is no need to keep dollars in reserves, he...