“An
Iranian news agency is reporting the Chinese government has extended
a 2-billion US dollar line of credit to Iran to help the country
upgrade four petro-chemical projects.”
“At the
same time, Tasnim is also reporting Iran's Central Bank has
decided to stop using the US dollar in its foreign trade settlements.
The agency is quoting an Iranian Central Bank official as saying the
country is going to use the Renminbi, the euro and the Russian ruble
in its foreign trade settlements.”
“China
is one of Iran's largest trading partners. Bilateral trade between
the two countries hit 52-billion US dollars last year, a year-on-year
increase of 35 percent. China is Iran's largest export market, making
up over 50-percent of Iran's 28-billion dollar export total, most of
which is oil and natural gas.”
Previously:
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