Tehran: Iran is no longer selling any of its oil for US dollars, an Iranian news agency reported on Saturday, citing the Iranian oil minister.
The ISNA news agency did not give a direct quote from Oil Minister Gholamhossein Nozari but said the Iran has “completely eliminated'' trading oil for US dollars.
Nozari told ISNA: "In regards to the decrease in the dollar's value and the loss exporters of crude oil have endured from this trend, the dollar is no longer a reliable currency."
A senior oil official last month said "nearly all" of Iran's crude oil sales were now being paid for in non-US currencies.
Iranian President Mahmoud Ahmadinejad has also called the US dollar a "worthless piece of paper."
