Iran proposes a barter plan "oil products for gold" with Africa



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While US sanctions against Iran occupy an important place, the country is looking for potential solutions to maintain trade with other countries with a senior official in Tehran now proposing to trade with other countries. oil products for gold with Africa. Hbadan Khosrowjerdi, chairman of the Iran-Africa Council for Economic Cooperation, said the banking problems that sanctions might create would soon be Iran's biggest challenge for trade with other countries.

"African countries want cash payments for the products they sell, but Iranian merchants want to buy their products through installments," he said at a news conference. a forum on Iran-Africa trade issues in Tehran. and Ghana had also participated, as reported by the IRNA.

Khosrowjerdi said that one of the key points that Iran was specifically interested in the same effect was the gold. Other items, he added, included meat and agricultural products.

Khosrowjerdi did not mention any specific country with which Iran was planning to barter its products with gold.

However, Ghana – the second largest gold exporter in Africa after South Africa – could be a primary target.

Based on previous Iranian media reports, Iran exports a wide range of petroleum products to Ghana. industrial oil.

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