Oct 19, 2018, 7:40 PM
News Code: 83071326
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Iran attends meeting on national currencies' challenges

Ankara, Oct 19, IRNA – The Trade in National Currencies' Challenges and Opportunities started work with the attendance of Iran, Turkey, Russia and India at the Center for Iranian Studies in Ankara.

During the meeting all the sides discussed ways to establish trade based on national currencies, reducing trade risks, commercial restrictions and setting aside dollar in financial exchanges.

Head of Monetary and Banking Research Institute Rasoul Khansari said domination of dollar in international trade caused concerns.

Today, the US is taking advantage of dollar as a tool for sanctions, he added.

Central banks of many countries are thinking of minimizing the role of dollar in their foreign trades, he said.

The US sanctions against Iran, Russia and Turkey and also imposing economic limitations against China, India and the EU has made the importance of using national currencies and replacing other currencies more explicit, Khansari noted.

Meanwhile, Hatice Karahan, Turkish President Advisor for Economic Affairs, said more attempts are made for checking the damage caused by currency fluctuation.

Some European states and countries like Iran, China, Turkey, Russia, China and India are trying to replace national currencies in financial systems.

She also called for boosting use of national currencies in trades.

Governments should pave the way for liquidity supply, she added.


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