Dedollarization
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Iran shopping gold as dedollarization trend accelerates
TEHRAN, Sep. 03 (MNA) – Iran has been quietly ramping up its foreign purchases of gold, adding over 4.1 tons of standard gold ingots to the country’s coffers in the first five months of the Iranian calendar year (March 21-August 22).