{"id":1515,"date":"2023-04-10T08:55:48","date_gmt":"2023-04-10T03:25:48","guid":{"rendered":"https:\/\/news.cetoex.com\/?p=1515"},"modified":"2023-04-10T08:55:49","modified_gmt":"2023-04-10T03:25:49","slug":"iran-to-reduce-u-s-dollars-influence-on-regional-intl-trade","status":"publish","type":"post","link":"https:\/\/news.cetoex.com\/iran-to-reduce-u-s-dollars-influence-on-regional-intl-trade\/","title":{"rendered":"Iran to Reduce U.S. Dollar\u2019s Influence on Regional, Int\u2019l Trade"},"content":{"rendered":"\n
\"\"\/<\/figure>\n\n\n\n

Cetoex News –<\/strong> The global economy is currently witnessing the de-dollarization phenomenon bloom. Over the past few weeks, several nations have steered away from the U.S. dollar. Iran is now the latest one to jump onto the bandwagon.<\/p>\n\n\n\n

The Secretary of Iran\u2019s Supreme National Security Council, Ali Shamkhani, recently\u00a0said\u00a0that reducing the influence of the U.S. dollar on regional and international trade will minimize the dominance of the West over the global economy.<\/p>\n\n\n\n

Shamkhani made the aforementioned assertion during his meeting with the visiting Russian President\u2019s Aide, Igor Levitin, in Tehran on Sunday. During the meet, Shamkhani indicated that the process to reduce the dollar\u2019s influence on economic transactions has already started. He stressed that many countries are now joining the path.<\/p>\n\n\n\n

A few days back, the Malaysian Prime Minister said that there is\u00a0no reason\u00a0to continue to depending on the U.S. dollar. Alongside, Saudi Arabia\u2019s Crown Prince also said recently that he is\u00a0no longer interested\u00a0in pleasing the U.S. In fact, even France\u2019s President\u00a0asserted\u00a0a few hours back that Europe must reduce its dependency on the U.S. Furthermore, the Chinese yuan also flipped the U.S. dollar to become the most traded currency in Russia last week.<\/p>\n\n\n\n

Iran-Russia team up against U.S.<\/h3>\n\n\n\n

The economic and political co-operation between Iran and Russia has improved over the past few months. Here, it is worth noting that both Iran and Russia are currently under sanctions imposed by the United States. Thus, they have been expanding their relations to tackle the United States\u2019 moves together.<\/p>\n\n\n\n

Shamkhani labelled the latest initiatives agreed by Iran and Russia in the monetary and banking domain as an \u201ceffective\u201d method for \u201cdooming the illegal Western sanctions to failure.\u201d Alongside, he underlined the need to bolster the joint economic projects\u2019 implementation.<\/p>\n\n\n\n

Talking about the visits by the two countries\u2019 economic and banking officials over the past few months, Shamkhani said that a favorable ground has been prepared to sign economic deals and attract other countries to participate in various projects.<\/p>\n\n\n\n

<\/p>\n\n\n\n

NEWS BY – CETOEX NEWS<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Cetoex News – The global economy is currently witnessing the de-dollarization phenomenon bloom. Over the past few weeks, several nations have steered away from the U.S. dollar. Iran is now… <\/p>\n","protected":false},"author":1,"featured_media":1517,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[41,44,691,530,337],"class_list":["post-1515","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-cetoex","tag-cetoex-news","tag-iran","tag-us","tag-us-dollar"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/news.cetoex.com\/wp-content\/uploads\/2023\/04\/fi-800x533.jpg.webp","_links":{"self":[{"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/posts\/1515","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/comments?post=1515"}],"version-history":[{"count":1,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/posts\/1515\/revisions"}],"predecessor-version":[{"id":1518,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/posts\/1515\/revisions\/1518"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/media\/1517"}],"wp:attachment":[{"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/media?parent=1515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/categories?post=1515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/tags?post=1515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}