Middle East Economic Survey

VOL. L

No 15

9-Apr-2007

IRAN

Iran Continues Diversification Away For US Dollar

Central Bank of Iran Governor (CBI) Ibrahim Shaibani has become the latest Iranian official to confirm his governments plan to stop pricing its oil in dollars. Last month the Director of International Affairs at the National Iranian Oil Company (INOC) Hojjatollah Ghanimifard said 60% of payments for Iranian crude were now made in currencies other than the dollar (MEES, 2 April). Mr Shaibani...