Iran says US dollar officially ditched in trade with ally Russia  

The Islamic Republic took the step following the Russian president's meeting with Iran's leader in Tehran, where the two explored options on how to push back on international sanctions.  
Iranian President Ebrahim Raisi and Russian President Vladimir Putin.
Iranian President Ebrahim Raisi and Russian President Vladimir Putin speak to each in Tehran on July 19, 2022. - SERGEI SAVOSTYANOV/SPUTNIK/AFP via Getty Images
Al Monitor: The Pulse of the Middle East
Al-Monitor Staff

Iran's Economy Minister Ehsan Khandouzi announced on July 26 that the US dollar has officially been ditched in his country's trade relations with the Russian Federation.   

At a press briefing in Tehran, the minister said the US currency has been replaced with the Russian ruble in Iran-Russia business, adding that similar plans are in the pipeline for trade with such partners as Turkey, China and India.  

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