Iran Bans US Dollar in Trade Activities to Beat Sanctions +Video
Mehdi Kasraeipour, the Central Bank of Iran’s director of foreign exchange rules and policies, said the move is unlikely to meet with resistance.
Iran has banned the use of the U.S. dollar in all trade transactions, prohibiting businesses from registering import orders using the currency.
The Ministry of Industries, Mining and Trademade the announcement Wednesday, following an official request by the Central Bank of Iran (CBI). It is meant to address fluctuations in the dollar.
Mehdi Kasraeipour, CBI’s director of foreign exchange rules and policies, said the move is unlikely to meet with resistance, considering that the dollar has a low share in Iran’s trade activities.
“It has been for a long time that Iran’s banking sector cannot use the dollar as a result of the sanctions,” he said.
Iran has since implemented a new electronic system to purchase foreign currencies on a wider scale.
The country has long been seeking to make the move, having signed many agreements with other nations on using national currencies in bilateral trade.
In November, when Iranian Supreme Leader Ali Khamenei met with Russian President Vladimir Putin, he had said that in order to beat U.S. sanctions, the two could dump the U.S. dollar in trade, a strategy that could “isolate the Americans.”
The original source of this article is teleSUR
Copyright © Telesur, teleSUR, 2018
https://www.globalresearch.ca/iran-bans-us-dollar-in-trade-activities-to-beat-sanctions/5630721
Articles by: Telesur
Disclaimer: The contents of this article are of sole responsibility of the author(s). The Centre for Research on Globalization will not be responsible for any inaccurate or incorrect statement in this article. The Center of Research on Globalization grants permission to cross-post original Global Research articles on community internet sites as long as the text & title are not modified. The source and the author’s copyright must be displayed. For publication of Global Research articles in print or other forms including commercial internet sites, contact: [email protected]
www.globalresearch.ca contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available to our readers under the provisions of “fair use” in an effort to advance a better understanding of political, economic and social issues. The material on this site is distributed without profit to those who have expressed a prior interest in receiving it for research and educational purposes. If you wish to use copyrighted material for purposes other than “fair use” you must request permission from the copyright owner.
For media inquiries: [email protected]
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).