Rial becomes risk-free for the use of traders; A serious step for dollarization

reported

The Deputy of International Affairs of the Central Bank further emphasized: In the past, all countries used to trade with each other in dollars and then euros; But from the last 10 to 15 years, countries have found a turning towards these two currencies, especially the US dollar, and they are willing to use their national currencies in economic and commercial transactions, although this action is risky and hedging instruments. It was not defined for that, it did not come to the fore, but recently, the central banks of the countries, in a new faithful action, made contracts swap and defined hedging instruments for the risk of each other’s national currencies; Because since the Islamic Republic of Iran is a sanctioned country, it had to enter this space through the first method, which fortunately was adopted and a monetary banking agreement was concluded between the Central Bank of Iran and the Russian government.

position with the Iranian rial, which is definitely in the interest of the country’s economy, and the rial can be used by traders without risk. It will be.