Financial tribune

Ali Divandari also told a press conference on Tuesday that Europe is among Iran’s important trade partners and plays a significant role in Iran’s economic interactions and that the Central Bank of Iran and MBRI have worked together to make the shift toward euro in a way that would serve the country’s economic interests. 

“Most of Iran’s transactions in the post-sanctions era were with Asian and European banks, and as Iranian banks improve their adherence to international standards, more and more banks are willing to work with Iran,” Divandari was quoted as saying by MBRU’s website. 

The government mandated on April 18 that all state bodies use euro instead of the US dollar for financial reporting, as the country seeks to reduce its reliance on the American currency.