Azerbaijani President Ilham Aliyev in a meeting with Iranian President's Chief of Staff Mahmoud Vaezi on Thursday said that the two countries should try to do their trade exchanges with national currencies.
Round numbers carry a significance that defies rationality. There is no quantity more important in mathematics than 3.14159, yet humans fixate on big numbers such as 20,000, which the Dow Jones Industrial Average came within a point of hitting on Friday. Close, but no cigar.
The value of the troubled Turkish currency, lira, has crashed to a record low against the US dollar due to growing security concerns after the Istanbul terror attack as well as a higher-than-expected inflation rate.
Venezuelan President Nicolas Maduro suspended the elimination of the country's largest denomination bill, which had sparked cash shortages and nationwide unrest, saying the measure would be postponed until early January.
Iran is gearing to switch its national currency back to the toman – a move that would end the rein of the rial after around 90 years and also could boost the value of the country’s national currency against the US dollar.