Argentina's president and his Brazilian counterpart, Luiz Inacio Lula da Silva, have pledged to find a way to avoid using the US dollar in trade between neighboring countries.

Millions of dollars are being smuggled into Afghanistan from Pakistan.

The chairman of Pakistan’s says that over the past few months, about $2 billion dollars has entered Afghanistan through the country’s border.

Police in western Herat province have arrested 13 persons over alleged smuggling of US dollars to Iran in the past three months, an official said on Friday.

Iraq indicated that it has officially removed the US dollar in trade with Iran by announcing a legal limit for passengers to carry along Euros - instead of the customary US Dollars - into the Islamic Republic.

Turkish President Recep Tayyip Erdogan on Sunday stated that the US dollar's reign on global trade should come to an end by adopting trade with local currencies between countries.

Iran’s national currency set a new record low against the US Dollar on Sunday as a result of a race that it appears to be losing on two key fronts: the greenback and the gold.