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Iran Accelerating De-Dollarization Process

1 Jan 2024 - 14:09

Iranian Deputy Foreign Minister Ali Baqeri Kani said that Tehran, like other BRICS member states, will work on the de-dollarization of trade, economic and financial transactions within the group of major emerging economies, adding some moves in this direction are already underway.


Afghan Voice Agency (AVA) - Monitoring: "We have planned many missions and joint work with other BRICS members within the framework of this organization,” Baqeri Kani stated.
One of the most important tasks is “the de-dollarization of trade and economic transactions and financial interaction”, he added while the de-dollarization trend has gained momentum across the globe.
Iranian officials have repeatedly accused the United States of using the dollar as an instrument to wage economic and political war. They have touched on the policy to use other currencies in place of the dollar, stressing the hegemony of the dollar in the global economy is passing.
The dollar’s share in global reserves fell ten times faster last year than over the past two decades, according to reports. The process has accelerated after other countries saw Russia’s US dollar and Euro-denominated assets frozen abroad and Moscow cut from the SWIFT global financial messaging system.
“Activities in this field of work of BRICS have already started, and we hope to strengthen and expand these activities in order to achieve this goal as soon as possible," the top diplomat said./Fars news


Story Code: 283288

News Link :
https://www.avapress.net/en/news/283288/iran-accelerating-de-dollarization-process

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