It was long expected that Iran will dump the dollar.
Now when Trump put bun of muslims to come in USA by muslim countries and Iran it was just a matter of time when Iran will dump the dollar as currency for oil and trade.
The Islamic Republic of Iran will cease using the U.S. dollar in all of its financial reporting. The decision to stop using the dollar as a reference has been in the works for some time but was expedited after the Trump administration decided to include Iran as one of the seven countries banned from entering the United States.
Iranian PressTV reported, “Valiollah Seif, the governor of the Central Bank of Iran, was quoted by domestic media as saying that Iran would either replace the US dollar with a new common foreign currency or use a basket of currencies in all official financial and foreign exchange reports.”
Seif reportedly stated the country of Iran needs a much more stable foreign currency, that the dollar is insignificantly found in exchange houses throughout the country, and Iran would be better-suited trading in European Union Euros, Chinese Yen, or in United Arab Emirates Dirham.
Following Trump’s plan, Iran, Iraq, Libya, Somalia, Sudan, Syria, and Yemen have all been banned from entering the US for a period of at least 90 days. The decision has angered globalists who see borders as just one more man-made obstacle to freedom to travel the world, as well as anyone with family or conducting business in those countries.