Dedollarization

Dollar, SWIFT completely removed from Iran-Russia trade: CBI

TEHRAN, Nov. 12 (MNA) – Iran has completely removed the US dollar from its trade transactions with Russia, according to the country’s chief banker, amid growing economic cooperation between the two countries that are subject to Western sanctions.

Russia hands baton to Brazil in implementing de-dollarization

TEHRAN, Oct. 26 (MNA) – Russia is now passing the baton to Brazil for implementing measures for de-dollarization, Russian Deputy Foreign Minister and BRICS Sherpa Sergey Ryabkov said at a press conference following the association's summit in Kazan.

BRICS member states seeking to control US, dollar: Pezeshkian

TEHRAN, Oct. 22 (MNA) – Iranian President Masoud Pezeshkian said member states of BRICS group of emerging economies are seeking unity and cohesion to control undisputed power that the United States and dollar have created in the region and the world.

Kremlin:

Russia, Iran almost completely shift to national currencies

TEHRAN, Oct. 22 (MNA) – National currencies are being used in more than 96% of mutual payments between Russia and Iran, according to Kremlin.

Russian envoy:

Russia, China settling 95% of payments in own currencies

TEHRAN, Oct. 01 (MNA) – Today, 95% of settlements between Russia and China are carried out without the participation of third-country currencies, Russian Ambassador to China Igor Morgulov said.

Moscow, Kabul to ditch US dollar in bilateral trade

TEHRAN, Jul. 21 (MNA) – In the fight against Western sanctions, Russia and Afghanistan are abandoning the dollar in mutual settlements, switching to rubles and Afghanis, the Russian ambassador to Afghanistan said.

Iran as emerging economy has great potential in BRICS

TEHRAN, Jul. 18 (MNA) – Iran is seen as an emerging economy with the great potential in the BRICS group of the emerging economies as it [Iran] offers constructive economic, cultural and geographic dimensions to the bloc’s expansion, an analyst said.

All Iran-Russia transactions done without dollar: Ghalibaf

TEHRAN, Jul. 13 (MNA) – BRICS has provided Iran and Russia with a very important opportunity, Iran’s Parliament Speaker said and added that all transactions between Iran and Russia are done without dollars.

Iran’s Parl. Speaker:

De-dollarization to cut US pressure on emerging economies

TEHRAN, Jul. 11 (MNA) – Iranian Parliament Speaker Mohammad Bagher Ghalibaf said that the de-dollarization process will definitely stop the US pressure on emerging economies.

Tehran, Moscow to strengthen local currencies

TEHRAN, Jul. 10 (MNA) – The national currencies swap agreement made between the central banks of Iran and Russia will contribute to the ruble and rial strength and dollar exclusion from mutual settlements.

Russian deputy PM:

SCO member countries see risks linked with use of US dollars

TEHRAN, Jul. 08 (MNA) – All member countries of the Shanghai Cooperation Organization (SCO) are aware of the risks of the use of US dollars from the point of view of the stability of international transactions, the Russian Deputy Prime Minister said.

Russian Ambassador to China:

US uses sanctions and dollar as weapon for political goals

TEHRAN, Jul. 07 (MNA) – The US and its allies use sanctions and dollar hegemony as weapons to achieve their political goals, Russian Ambassador to China Igor Morgulov said.

Bolivian president:

Bolivia sees joining BRICS as path towards prosperity

TEHRAN, May 28 (MNA) – Bolivia sees BRICS as an organization that provides expansive opportunities to its member states to grow economically, President of the South American republic Luis Arce said.

BRICS members pursue ditching dollar in trade transactions

TEHRAN, May 19 (MNA) – Iran says member countries of the BRICS group of emerging economies are resolute in pursuing efforts to ditch the US dollar in trade and economic transactions.

Kremlin:

BRICS to create blockchain-based payment system

TEHRAN, Mar. 05 (MNA) – BRICS will work to create an independent payment system based on digital currencies and blockchain, Kremlin aide Yury Ushakov says.

In fresh de-dollarization act;

BRICS bank to release bonds in local currencies

TEHRAN, Jan. 14 (MNA) – 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.

Within BRICS;

Iran to work on ditching US dollar in trade transactions

TEHRAN, Jan. 01 (MNA) – Iran will work on the de-dollarization of trade, economic, and financial transactions within the BRICS group of emerging economies, Iranian Deputy Foreign Minister Ali Bagheri Kani says.

Iran, Russia to sign national currency deal in first quarter

TEHRAN, Dec. 29 (MNA) – Iran and Russia will sign a deal to trade in their national currencies instead of the US dollar in the first quarter of 2024, Iranian Central Bank governor Mohammad Reza Farzin stated on Thursday.

Iraq to ban transaction in foreign currencies next month

TEHRAN, Dec. 26 (MNA) – The secretary general of the Iran-Iraq Joint Chamber of Commerce said the Iraqi government plans to prohibit transactions in foreign currencies as of January 2024.

SCO states increasing share of national currencies: Official

TEHRAN, Dec. 12 (MNA) – The countries of the Shanghai Cooperation Organization (SCO) continue to gradually increase the share of national currencies in mutual settlements, Deputy Secretary General of the SCO Grigory Logvinov said.

Deputy PM:

Russia, China accelerate de-dollarization process

TEHRAN, Nov. 21 (MNA) – Western currencies have been almost completely phased out in trade between China and Russia, as nearly all payments between the countries are now carried out in rubles and yuan, Russia's first deputy prime minister said.

Iran to remove dollar from tourism ties with regional states

TEHRAN, Sep. 09 (MNA) – The Governor of the Central Bank of Iran (CBI) announced that the dollar will be removed from tourism exchanges with the countries of the region.