The Iranian government will no longer use the US dollar in official statements or for financial reporting. The governor of the Central Bank of Iran, Valiollah Seif, made the announcement on Friday, adding that the country would switch to another common foreign currency or a basket with a ‘high degree of stability” for all financial and foreign exchange reports. Source The Independent
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Billionaire investor George Soros has given away nearly $18 billion to his Open Society Foundations, transforming it into the “second largest” charity in the US after the Bill and Melinda Gates’ Foundation. Source: RT
Xi Jinping has heralded the dawn of a “new era” of Chinese politics and power at the start of a historic Communist party congress celebrating the end of his first term in office. Source: The Guadiaan