Iran May Shun Dollar, Euro for Oil Payments, VP Says

Iran, the second-largest oil producer in OPEC, wants to “move away” from taking payment in dollars and euros for its crude exports, the country’s vice president said today as the pressure of international sanctions increase on the Persian Gulf state.

“Iran has the liberty to use the currency it favors,” Vice President Mohammad Reza Rahimi told reporters at an event at the Economy Ministry in Tehran. “We will do whatever is in the interest of the country.”