“Iran’s Minister of Economic Affairs and Finance Shamseddin Hosseini says the country plans to phase out dollar and euro in its future international transactions after the US and the European Union (EU) imposed sanctions on Iran.  ‘[Iranian] government has made up its mind to phase out vehicle currencies such as dollar and euro in its [foreign] trade,’ Hosseini told reporters.  He added that after the imposition of sanctions on Iran by the US and the EU, the Central Bank of Iran (CBI) immediately moved to change the country’s hard currencies reserves into euro and gold which ‘was beneficial to the country.’.”