Governor of the Central Bank of Iran (CBI) Mahmoud Bahmani has called for the use of local currencies in the global trade system as alternative to dominant tenders, Press TV reported.Speaking on the sidelines of the D-8 meeting in the Pakistani capital, Islamabad, on Thursday, Bahmani pointed to the negative impacts of fluctuations in developed economies on the developing nations and emerging markets.
“Iran has taken proper measures to remove dominant currencies, particularly dollar and euro, from its foreign currency reserves as well as its international trade. In doing this, Iran has shown that it is possible to do trade without relying on major currencies,” he added.
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