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Iran picks euro for calculating value of fundIran has replaced the US dollar with the euro in calculating the value of its Oil Stabilisation Fund (OSF), reports have said. The decision was made earlier this month by President Mahmoud Ahmadinejad, based on a recommendation by the boar More… |
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Iran has $10 bn in oil reserve fundIran now has $10 billion in its Oil Stabilisation Fund, which forms part of foreign reserves, the central bank governor was quoted on Thursday as saying, indicating an increase on previously reported figures. The fund was set up several ye More… |
