US Dollar
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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.
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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.
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Iran, Russia, Kazakhstan, Turkmenistan to boost INSTC
TEHRAN, Jul. 21 (MNA) – Iran, Russia, Kazakhstan, and Turkmenistan have signed a roadmap on synchronically developing the potential of the eastern route of the International North-South Transport Corridor (INSTC) for 2024-2025.
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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.
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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.
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Iran ready to launch a joint financial institution btw BRICS
TEHRAN, Jul. 04 (MNA) – The governor of the Central Bank of Iran (CBI) announced that readiness of Iran to launch a joint financial institution among member states of the BRICS.
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Russia halts dollar, euro trade on Moscow Exchange
TEHRAN, Jun. 13 (MNA) – The Moscow Exchange (MOEX) has stopped trading in dollars and euros, a move prompted by a new round of US sanctions targeting Russia’s financial institutions.
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China sells off record amount of dollar assets
TEHRAN, May 18 (MNA) – China sold off a record $53.3 billion of Treasury and agency bonds in the first quarter of 2024, a move seen as part of Beijing’s drive to diversify from US dollar assets.
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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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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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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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Venezuelan FM expects coercive use of US dollar to end soon
TEHRAN, Sep. 25 (MNA) – The US dollar is often used as a coercion weapon on a state level, but it will be over soon enough, as other options for international trade will emerge, Venezuelan Foreign Minister Yvan Gil 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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Zakharova:
De-dollarization becoming reality due to troubled US currency
TEHRAN, Sep. 04 (MNA) – De-dollarization is not the objective of organizations and certain nations but is the reality because the dollar has turned into a troubled currency, Russian Foreign Ministry spokeswoman Maria Zakharova said.
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Dollar share in intl. reserves falls below 60%: Zakharova
TEHRAN, Aug. 30 (MNA) – The share of the US dollar in international reserves fell below 60%, while the share of alternative currencies in international settlements is increasing, Russian Foreign Ministry Spokeswoman Maria Zakharova said on Wednesday.
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Euro shows lowest-ever share in intl. settlements: SWIFT
TEHRAN, Aug. 27 (MNA) – The Euro has dipped in an unprecedented display of its decline in global payments through SWIFT, highlighting a shift in preference towards the greenback and the Chinese yuan.
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Putin at BRICS summit:
"De-dollarization is gaining pace"
TEHRAN, Aug. 22 (MNA) – The US dollar is losing its global role in an “objective and irreversible” process, the Russian president told participants at the BRICS Summit in South Africa on Tuesday.
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Iran speaker calls for stepped-up economic ties with Malaysia
TEHRAN, Aug. 22 (MNA) – The Iranian parliament speaker told the visiting Malaysian foreign minister that under oppressive sanctions, Iran seeks to expand bilateral economic and banking ties with other countries without using the US dollar.
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Russia, other countries reducing dependence on dollar: Lavrov
TEHRAN, Aug. 21 (MNA) – Russia and a number of other countries are consistently reducing the dependence on the dollar, switching to local currency settlements, Russian Foreign Minister Sergey Lavrov said.
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Russia, Brazil on course to boost mutual trade: official
TEHRAN, Jul. 23 (MNA) – Brazil is looking forward to scaling up its trade with Russia, Foreign Minister Mauro Vieira said in an interview with Russian media.
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US sanctions 14 Iraqi banks over alleged ties with Iran
TEHRAN, Jul. 19 (MNA) – The US has barred 14 Iraqi banks from conducting dollar transactions, the local US media reported on Wednesday citing US officials.
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Official:
BRICS currency to benefit Iran, undermine US dollar, euro
TEHRAN, Jul. 09 (MNA) – A senior Iranian diplomat hailed a plan by the BRICS member states to introduce a common currency in their international trade, emphasizing that the move will be a challenge to the dominance of the US dollar and the euro.
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Iran-Iraq dinar exchange to end dollar dominance in trade
TEHRAN, Jul. 08 (MNA) – The Iran-Iraq Joint Chamber of Commerce Chairman said that by exchanging dinars instead of dollars in transactions with Iraq, getting rid of dollar dominance in imports and exports will be realized.
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Raeisi in SCO summit:
Removal of dollar needed to shape fair international system
TEHRAN, Jul. 04 (MNA) – Along with militarism, what forms the basis of the Western domination system is the dominance of the dollar, said the Iranian President, adding that the removal of the dollar is needed to shape a fair international system.
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Report:
India refiners start yuan payments for Russian oil imports
TEHRAN, Jul. 03 (MNA) – Indian Oil Corporation, the country’s biggest buyer of Russian crude oil, in June became the first state refiner to pay for some Russian purchases in yuan, three sources familiar with the matter said, according to media.
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Nicaragua wants to ditch dollar in Russia trade: FM
TEHRAN, Jun 30 (MNA) – Nicaragua wants to pay for Russian grain in national currencies, its foreign minister Denis Moncada told Russian media on Thursday.
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Western currencies losing grip on Russia: deputy finance min.
TEHRAN, Jun. 17 (MNA) – The dollar and the euro have lost their dominance in settlements following a US-led sanctions policy, a deputy finance minister has told local Russian media.
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Putin says;
Shift to national currencies indicates end for US dollar
TEHRAN, Jun. 17 (MNA) – Russian President Vladimir Putin has stated the growing use of national currencies for cross-border exchanges signals the end of the hegemony of the US dollar.
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US Treasury Secretary:
US must expect decline in dollar's share of global reserves
TEHRAN, Jun. 14 (MNA) – US Treasury Secretary Janet Yellen says Washington should expect a gradual decline in the dollar's share of the global reserve, as the global de-dollarization move is gaining momentum.
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De-dollarization vs. weaponization of dollar
TEHRAN, Jun 07 (MNA) – Exploiting the dollar as a political tool over the past few years has forced various countries to seek a way to get rid of the ramifications of dollar sanctions in trade ties.