Currently, Islamic Republic of Iran Shipping Lines (IRISL) issues its proformas in the euro, however, if merchants ask for major foreign exchanges other than the currency, the shipping line is prepared to do so, MNA reported. In his reference to the government’s decision on the replacement of the dollar with the euro in foreign transactions, the managing director of the nation’s shipping lines, Mohammad-Hussein Dajmar said on Monday that all proforma invoices for the shipment of goods are now issued in the euro. Proforma is a document that is provided in advance for an actual business deal. It serves as a model for actual contract.The official also warned that since the move –replacement of the US dollar with the euro in foreign transactions- would contain risks of fluctuations in the euro exchange rates against the dollar, the government should give the required guarantees and supports to the businessmen engaged in the transactions. The IRISIL director reiterated that in doing so, we should adopt a policy to reduce possible risks. He said that the Iranian government has recently ordered the Central Bank of Iran (CBI) to change the state's dollar-denominated assets held abroad into the euro and use the European currency in foreign dealings.
| If I read this right, the shipping director is mostly ignoring Tehran and operating in dollars as much as possible. *He* knows the Euro is overinflated and doesn't want to get caught holding the bag. I s'pect he has a *naccident* soon in favor of someone more politically reliable... |