Posted AT 12:25 PM EDT on 30/04/08
Iran stops using U.S. dollar in oil transactions
TEHRAN — Iran has stopped conducting oil transactions in U.S. dollars, an official said Wednesday, a concerted attempt to reduce reliance on Washington at a time of tension over Tehran's nuclear program and suspected involvement in Iraq.
Iran, OPEC's second-largest producer, has dramatically reduced dependence on the dollar during the past year in the face of increasing U.S.
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