-
Iran tightens currency control by setting cap on carrying foreign cash
Jun 08, 2020 01:30The Central Bank of Iran (CBI) has imposed a cap on how much individuals can carry foreign cash amid efforts meant to stabilize the foreign currency market in the country.
-
Saudi Arabia projects 2020 budget deficit to grow to $50bn
Dec 10, 2019 02:43Saudi Arabia says its budget deficit for the coming year will increase as the Arab kingdom, the world's top oil exporter, faces falling oil prices and production reductions.
-
The world is de-dollarizing
Jul 23, 2019 10:39What if tomorrow nobody but the United States would use the US-dollar?
-
One year since the start of US trade war against China
Jul 15, 2019 11:07These days mark the first anniversary of the initiation of the US trade war against China when Washington imposed a 25 percent tariff on $34 billion worth of Chinese goods.
-
Zarif says dollar must be ditched to strip US of economic sway
Jun 09, 2019 05:48Iran’s Foreign Minister Mohammad Javad Zarif says much of America’s undue economic influence will be taken away if countries stop using the US dollar in their international transactions.
-
Global de-dollarization spells jolts and crises for US economy
Oct 09, 2018 12:18Earlier this month, Moscow and Beijing announced a plan to use their own national currencies in bilateral trade.
-
Iran-China traders agree to sideline US dollar
Dec 05, 2017 13:20Senior officials of Iran and China laid emphasis on reducing the role of the US dollar in their bilateral trade.
-
Iran to ditch dollar as anger builds over Trump ban
Jan 31, 2017 09:09Iran says it is preparing to stop using the dollar in its official statements – a move that had been in the offing but appears to have been expedited after Washington included the country in a list of seven nations that are banned from entering the United States.