Special Report: Iran Nuclear Crisis
TEHRAN, April 30 (Xinhua) -- Iran had totally removed U.S. dollars in the country's oil transactions, an Oil Ministry official said on Wednesday.
"The dollar has completely been removed from our oil
trade....Crude oil customers have agreed with us to use other currencies (in the
trade)," Oil Ministry official Hojjatollah Ghanimifard was quoted as saying by
the state television.
"We make our transactions with euros in Europe, but
yen in Asia," he added.
Due to the tensions with Washington in the past years
over the nuclear disputes and the latest depreciation of dollars, Iran has vowed
to decrease the greenback in its foreign trade. Iran central bank also has
reduced dollars in the country's foreign reserves. In last November's summit of
the Organization of Petroleum Exporting Countries (OPEC) in Saudi Arabia, Iran
proposed that it was necessary to replace the U.S. dollar with other major hard
currencies in oil trading.
But some Arab allies of the United States showed few
support to Tehran's advice.
However, Iran's Oil Minister Gholam Hossein Nozari
has already declared in last December that Tehran had completely stopped selling
its oil in dollars, according a report by the semi-official ISNA news agency at
"In line with the policy of selling crude oil in non
dollar currencies, currently selling our country's oil in U.S. dollars has been
completely stopped," Nozari was then quoted as saying. Right now it's not clear
why there seems to be a contradiction between comments by the two officials over
the exact time to stop dollars in Iran's oil trade.