06 November 2017 - 15:34

Iran's Dedollarization for Financial Transactions on Agenda

Iranian member of the parliamentary board of directors said fading role of western currencies such as dollar in Iran's trade exchanges with Turkey has started and it will spread to Russia and Azerbaijan.
News ID : 77235

Regarding deleting dollar from Iran's international exchanges with other countries, Mohammad Hossein Farhangi, member of the parliamentary board of directors, said JCPOA (Joint Comprehensive Plan Of Action) namely nuclear deal has faced U.S. breaking promise since it was inked. Even during the tenure of ex-President of America some new sanctions were imposed and extended.  

He stated despite the consensus the western part could attain against Iran during the nuclear deal, the recent events led to ,at least, suspending the consensus for a long time.

The official pointed one of the most significant policies to relieve the effect of sanctions is fading the role of western currencies, which include dollar, adding, based on an agreement Iran signed with Turkey, dedollarization has began, expressing the hope that in next stages  Iran would be able to have such a deal with Russia and other adjacent countries like Azerbaijan to neutralize the role of western currencies in particular dollar in trade exchanges.

Send Comment