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Talks underway to ditch the US dollar in Afghan-Iran transactions
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Negotiations are ongoing between Afghanistan and Iran to sideline the US dollar in bilateral transactions, the deputy governor of the Central Bank of Iran (CBI) said this week.
According to media reports, Mohsen Karimi, the head of the CBI, said talks are ongoing between the two countries for the implementation of “offshore rial” in Afghanistan.
Karimi said the “offshore rial” is used with the aim of supporting the economic activity and exporters of the private sector of the country.
Recently, CBI Governor Mohammad Reza Farzin announced that Tehran plans to use the “offshore rial” for trade with Russia, Afghanistan and Iraq. He also said at the time that the idea of ditching the US dollar has produced positive results.
