At a time when the administration wants to convince Vladimir Putin that the U.S. has the will to employ potent economic tools to further its diplomatic objectives, a 34-page document that the Treasury Department delivered to Congress on April 15 doesn’t help our credibility. The “Semiannual Report to Congress on International Economic and Exchange Rate […]
Iran is replacing the U.S. dollar by the euro in the country’s foreign exchange accounts. The Arabian Business reported that the euro will be used to calculate the value of the country’s Oil Stabilization Fund (OSF). The OSF, which forms part of Iran’s foreign exchange reserves, is a contingency fund set up to help the […]
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