Iran has gained $5 billion through its policy of shifting away from the US currency in favour of the euro, state television reported on Monday, citing Central Bank Governor Mahmoud Bahmani.

Since 2007, Iran has received 85 percent of its oil income in currencies other than the US dollar, Iran's English-language Press TV reported on its web site.

'Iran has considerably reduced the total of US dollars in its currency basket,' Bahmani said.-Reuters