BRICS, a bloc of leading emerging markets, is preparing to launch new bonds in global markets, which will be available in local currencies rather than in the US dollar.
Along with militarism, what forms the basis of the Western domination system is the dominance of the dollar, said the Iranian President at the SCO summit, adding that the removal of the dollar is needed to shape a fair international system.
Speaking for the first time as the President of one of the main member countries of the Shanghai ...
Sputnik - Earlier this week, Iranian President Hassan Rouhani urged the Muslim world to join forces and take measures to get rid of the domination of the US system and the dollar.
Malaysian Prime Minister Mahathir Mohamad has stated that his country, Iran, Turkey and Qatar may use the Iranian medieval gold coin, the dinar, as well as barter trade ...
Free Malaysia Today - Prime Minister Dr Mahathir Mohamad is agreeable to Irans suggestion on using cryptocurrency as an alternative to the US dollar.
We are hearing this for the first time that Iran and Turkey are of the opinion that we should use an alternative to the US dollar.
We can use our own currencies or have a common currency, he said....
RT - The US dollars status as the worlds major reserve currency, which it held for decades, could come under threat, according to Anne Korin from the Institute for the Analysis of Global Security.
Major movers such as Russia, China, and the European Union have a strong motivation to de-dollarize, Korin, the co-director at the energy and security ...
MNA Iranian lawmakers have rejected a bill proposed by the government to conclude monetary pacts with other countries to break the monopoly of the US dollar in foreign trades.
The bill failed to obtain approval by the Parliament during todays open session with 69 votes in favor, 99 votes against and 11 abstentions by 206 lawmakers in attendance....
MNA Iranian Foreign Minister Zarif, while stressing the dwindling power of US dollar in international transactions, said Iran and Turkey used national currencies for 35% of their bilateral trade last year.
Mohammad Javad Zarif made the remarks at a ceremony marking the National Day of Industry and Mine on Monday.
The role of US dollar in international ...
MNA - Chairman of Iran-Russia Joint Chamber of Commerce Hadi Tizhoush Taban said that ditching US dollar is the main objective of the Islamic Republic of Iran in doing trade with the Caspian Sea littoral states.
He made the remarks on Monday in 18th Caspian Sea Littoral States' Chambers of Commerce Summit, held in Babolsar, Mazandaran province, ...
Press TV - Iranian Foreign Minister Mohammad Javad Zarif says much of Americas undue economic influence will be taken away if countries stop using the US dollar in their international transactions.
Americas power rests on the dollar; a great part of Americas economic power will go away if countries eliminate the dollar from their economic systems,...
Tasnim A number of Iranian lawmakers have put forward a motion to completely remove the US dollar from the transactions made in foreign and domestic trade.
According to the motion, which has been received by the presiding board of the parliament, any public or private transaction in US dollar would be prohibited.
The law would be enforceable ...
IRNA -- A Pakistani English news daily has reported that Pakistan is interested in importing additional 100MW of electricity from Iran using local currency for payments.
The News said in the report that due to the US sanctions on Iran, Pakistan has asked Iran to carve out a payment mechanism.
To this effect, Pakistan has raised some questions ...
MNA Irans Minister of Economic Affairs and Finance Farhad Dejpasand says that the Iranian authorities are negotiating a financial and monetary agreement with China on using local currencies in bilateral financial transactions.
The Economy Minister Farhad Dejpasandmade the remarks while in Chinas capital Beijing on Monday. His visit aims ...
Stars and Stripes - Iraq is close to finalizing a deal that will allow it to import Iranian energy despite American sanctions by avoiding the U.S. dollar, an Iraqi official said.
"A big delegation came from the Iranian central bank and the idea was proposed to trade with Iran in euros," Abdulkarim Hashim Mustafa, special adviser to Iraq's prime ...
RT - Moscow and Tehran have essentially turned away from the greenback in bilateral trade, and are using the ruble and rial for payments, the Russian ambassador to the Islamic Republic has revealed.
Turning to cross-currency trade was a vital issue for both Russia and Iran, and the two countries are planning to use all available means to boost these ...
Press TV - Iran and Syria have enabled their banks to conduct transactions in their local currencies and non-dollar foreign currencies, lifting a key hurdle to their trade and investment.
Iranian Vice President Eshaq Jahangiri is currently visiting Syria with a delegation of traders who are looking for opportunities in a country facing a mammothtask ...
MNA Minister of Industry, Mine and Trade Reza Rahmani said that role of Iranian rial would be strengthened in financial exchanges with many countries in the world and this issue is of the main macro policies of the government that should be taken into serious consideration.
He made the above remark late on Monday among industrialists in Gamishan,...
RT |Darius Shahtahmasebi: In an effort to circumvent US-imposed sanctions, India and Iran have reportedly ditched the US dollar and are trading oil in rupees. The reason becomes clear after considering the dynamics at play in the region.
In mid-February last year, Iranian President Hassan Rouhani visited India, and the two countries signed nine ...
Al-Monitor | Salam Zidane: Iran is exerting considerable pressure on the Iraqi government to compel it not to abide by the US sanctions that have been imposed on Tehran in order for it to change its policies in the Middle East and abandon its nuclear program. These pressures include using the Iraqi dinar and Iranian rial in the trade exchange between ...
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