{"id":6798,"date":"2023-08-02T12:35:22","date_gmt":"2023-08-02T12:35:22","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=6798"},"modified":"2023-08-02T12:35:23","modified_gmt":"2023-08-02T12:35:23","slug":"economy-minister-iran-oil-revenues-mainly-collected-in-cash","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/6798\/","title":{"rendered":"Economy minister: Iran oil revenues mainly collected in cash"},"content":{"rendered":"<div class=\"entry-content\" itemprop=\"description\">\n<p>According to Roydad Naft News Agency \u2013 Iran\u2019s minister of economic affairs and finance on Tuesday said the country\u2019s oil revenues has been mostly collected in cash.<\/p>\n\n\n\n<p>Speaking in a press conference, Seyyed Ehsan Khandouzi added Iran\u2019s incumbent administration is seeking to diversify the origins of imported basic goods by using the barter mechanism.<\/p>\n\n\n\n<p>Touching upon the advantages of barter-based methods, the administration\u2019s economic spokesman said nongovernmental traders, not only in Iran, but also in other countries, prefer barter to minimize banking and nonbanking costs and do their business directly.<\/p>\n\n\n\n<p>Between 25 and 30 percent of global trade is conducted through the barter system, said Khandouzi, adding many countries have now resorted to barter.<\/p>\n\n\n\n<p>The private sector has shown the greatest willingness to do its trade through barter, as the mechanism reduces its executive costs, reiterated the minister.<\/p>\n\n\n\n<p>In this regard, he continued, China is building a city exclusively for barter and T\u00fcrkiye is also setting up a global barter center in Istanbul.<\/p>\n<div class=\"post-date no-social-btn post-updated\">Updated on<time class=\"updated dt-updated\" itemprop=\"dateModified\" datetime=\"2023-08-02T12:35:23+00:00\"> 2 August 2023<\/time><\/div><\/div>","protected":false},"excerpt":{"rendered":"According to Roydad Naft News Agency \u2013 Iran\u2019s minister of economic affairs and finance on Tuesday said the country\u2019s oil revenues has been mostly collected in cash. Speaking in a press conference, Seyyed Ehsan Khandouzi added Iran\u2019s incumbent administration is seeking to diversify the origins of imported basic goods by using the barter mechanism. Touching [&hellip;]","protected":false},"author":1,"featured_media":6800,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[18,22,36,19,16],"tags":[],"services":[],"class_list":["post-6798","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-headline","category-iran","category-lastnews","category-news","category-oil"],"_links":{"self":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/6798","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/comments?post=6798"}],"version-history":[{"count":0,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/6798\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/media\/6800"}],"wp:attachment":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/media?parent=6798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/categories?post=6798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/tags?post=6798"},{"taxonomy":"services","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/services?post=6798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}