Iran to expunge "dirty" dollar and euro reserves

The country's vice-president says it is in response to the U.N. sanctions over Iran's contested nuclear program

Published August 9, 2010 6:59PM (EDT)

Iran's vice president says the country should get rid of its "dirty" dollar and euro reserves in response to the U.N. sanctions over its contested nuclear program.

Mohammad Reza Rahimi says Iran will only conduct business in Iranian rials and the currencies of countries with which they trade.

The Monday remarks come as a response to sanctions imposed in June by the U.N. for Iran's refusal to halt uranium enrichment, as well as further unilateral U.S. and European Union sanctions passed in July.

The United States and its allies are concerned Iran's continued uranium enrichment could ultimately produce a nuclear weapon. Iran denies this, saying it only seeks nuclear energy for peaceful purposes.

By Associated Press

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