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Tehran announced Tuesday that it is ready to receive payment for oil supplies in gold as well as the national currencies of importer countries. That’s according to Mahmoud Bahmani, Governor of the Central Bank of Iran. In trade operations with foreign countries Iran does not limit itself to dollars, and any state is free to use its own currency, Bahmani is quoted as saying by Russia's Itar-Tass news agency. He also added that if any client state wants to pay in gold, Iran would accept it without hesitation.
Originally posted by USN1983
Unless the dollar is used to buy oil, it's not worth anything; oil gives the dollar its value.