Iranian consulates in Iraq replace the dollar with the Iraqi dinar in its dealings

Iran's consulates will replace the US dollar in the local currency (dinar) and the euro in their dealings with regard to the provision of consular services such as issuing visas and others in the next few days, an Iranian news agency reported on Sunday.

"The Iranian diplomatic missions will only receive the Iraqi dinar or the euro for its services from next Tuesday, May 22," the official Fars News Agency reported.

"The US dollar will not be accepted in trading as soon as the decision was made in conjunction with the removal of the dollar from the banking operations of all Iranian missions abroad."

The decision comes after US President Donald Trump announced on May 8 his decision to withdraw Washington from the comprehensive joint action plan also known as the Iranian nuclear agreement, and pledged to re-impose sanctions against Tehran, which was lifted as a result of the agreement.

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