Iran and Russia dump US dollar
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09/jan/11
By PressTV
Iranian Ambassador to Moscow Seyyed Reza Sajjadi says Iran and Russia have turned to their national hard currencies instead of the American dollar in reciprocal trade exchanges.
Sajjadi said on Saturday that the proposal for the replacement of the US dollar with the Iranian rial and Russian ruble was raised during a meeting between Russia's President Dmitry Medvedev and his Iranian counterpart Mahmoud Ahmadinejad on the sidelines of the 11th meeting of the Shanghai Cooperation Organization (SCO) last June.
Permanent SCO members include China, Russia, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan. Iran, along with India, Mongolia and Pakistan, is an observer state to the intergovernmental mutual-security organization.
The Iranian envoy said Tehran and Moscow switched to their national currencies in preference after the meeting between their presidents.
Sajjadi also pointed to Russia' strong opposition to sanctions against Iran over its nuclear program, saying Russians have clearly announced that they will not accept fresh anti-Iran bids that target the country's Central Bank and financial institutions.
He also described new US sanctions against Iran as “illegal and unilateral”, stressing that Russia has at times called for a peaceful solution to Iran's atomic case through negotiations.
On December 31, US President Barack Obama signed into law fresh economic sanctions against Iran's Central Bank in an apparent bid to punish foreign companies and banks that do business with the Iranian financial institution.
The bill requires foreign financial firms to make a choice between doing business with Iran's Central Bank and oil sector or with the US financial sector.
The legislation will not take effect for six months in a bid to provide oil markets with time to adjust.
Meanwhile, energy experts say sanctions could lead to a major hike in crude oil prices and disrupt the interests of the US and its allies that depend on oil imports from Iran.
Facing major economic troubles, the United States is reportedly the world's largest debtor nation.
09/jan/11
By PressTV
Iranian Ambassador to Moscow Seyyed Reza Sajjadi says Iran and Russia have turned to their national hard currencies instead of the American dollar in reciprocal trade exchanges.
Sajjadi said on Saturday that the proposal for the replacement of the US dollar with the Iranian rial and Russian ruble was raised during a meeting between Russia's President Dmitry Medvedev and his Iranian counterpart Mahmoud Ahmadinejad on the sidelines of the 11th meeting of the Shanghai Cooperation Organization (SCO) last June.
Permanent SCO members include China, Russia, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan. Iran, along with India, Mongolia and Pakistan, is an observer state to the intergovernmental mutual-security organization.
The Iranian envoy said Tehran and Moscow switched to their national currencies in preference after the meeting between their presidents.
Sajjadi also pointed to Russia' strong opposition to sanctions against Iran over its nuclear program, saying Russians have clearly announced that they will not accept fresh anti-Iran bids that target the country's Central Bank and financial institutions.
He also described new US sanctions against Iran as “illegal and unilateral”, stressing that Russia has at times called for a peaceful solution to Iran's atomic case through negotiations.
On December 31, US President Barack Obama signed into law fresh economic sanctions against Iran's Central Bank in an apparent bid to punish foreign companies and banks that do business with the Iranian financial institution.
The bill requires foreign financial firms to make a choice between doing business with Iran's Central Bank and oil sector or with the US financial sector.
The legislation will not take effect for six months in a bid to provide oil markets with time to adjust.
Meanwhile, energy experts say sanctions could lead to a major hike in crude oil prices and disrupt the interests of the US and its allies that depend on oil imports from Iran.
Facing major economic troubles, the United States is reportedly the world's largest debtor nation.
2 comments:
Everyone in the US plus worldwide - PLEASE ACT DONT JUST READ. Everyone should take notice of this and how critical it is. The insane US plus Israel, Europe war terrorist politicians plus pro war main stream media such as Alarabiya, NPR, Washington Post, BBC, Aljazeera, CNN, are trying to convince citizens in Nato countries that some other world leader is the enemy and Nato countries must destroy that country when it is the Nato countries that will suffer economically as well when instead of fighting back with a military war Iran, Syria, China and all countries including Libya, Iraq, Yemen, Uganda, Somalia, Pakistan, all countries that have been invaded and destroyed by Nato wars including Yugoslavia, now made up of Serbia, Slovakia, Slovenia, etc can dump the US as the world currency causing US unable to borrow massive debt, and have as low prices as before and prices will rise in the US adding to US and Nato country poverty and loss of power. The US and all Nato countries are to much in debt and to poor and never should think of starting any wars anywhere. I suggest as many people worldwide keep pressuring all countries to avoid wars and end wars, to work for peace. Countries facing debt will have to reduce gap between rich and poor which adds to problems and also raise taxes on rich all citizens vote out the pro war politicians causing these wars. Also demand Israel and Saudi control out of US govt which are behind most wars and caused the war in Libya, Iraq and Afghanistan. The USA media has lied for decades saying USA is worlds richest country instead of siding with the poor and fighting imperialism worsening the problems caused by the pro war politicians.Demand all countries cut their defense budget and get rid of nuclear weapons especially demand this of the US, Israel, Russia, China, Iran, North Korea. Demand Israel stop controlling US politicians and demand Nato shut down. Demand UN reform and stop following the genocidal orders of Israel and Nato and force Nato to shut down. Boycott(means dont use) wealthy co.s and wealthy individual products if possible such as in stead of putting your money in Israeli Jewish Goldman Sachs bank which stole billions from Gaddaffis govt and is one of the main causes of war against Gaddaffi & his govt do not use this bank, dont use, use small banks and credit unions. Go to the Hague Court demand they drop charges against Muammar and Saif Gaddaffi and Senussi and instead punish Nato and Nato pilots,spies,special forces, rebels,NTC, and Nato world leaders such as Obama,Biden,Clinton,Rice,Sarkozy,Merkel,Medvedev,Hague,Cameron,Berlusconi,Frattini,Juppe,Wallace,Locklear,Gates,Petraeous,Haim,Boucher,McCain,Graham,Rubio,Kerry,Lieberman,Levin,Boxer,Cardin,Webb,Hoyer,Bolton, Mikulski,Boehner,Pelosi,etc Keep the pressure on and keep contacting and pressuring not only the politicians but the big co.s to redistribute wealth,jobs,poweer,resources to the poorest 1%,to 99% and pressure UN to reform and help Libya and smallest independent countries, demand UN take away Israeli membership for war against Palestinians, demand the Hague prosecute above Pro war and economic castrophe causing above cos and pro war mongering politicians. Keep pressuring and contacting mainstream media to stop being pro war and stop lying about Gaddaffi and Libya and to advocate for income and economic equality and also for ethics and a humane society. Keep fighting, the more pressure the war mongers face the harder for them to wage war and vote for anti war politicians such as: Ron Paul for President, Rand Paul, Dennis Kucinich. Demand the White House return Obama's Nobel Peace Prize. www._CC-CPI.Int. - Hague Court. www,NATO.INT - NATO www.UN.org - United Nations. www.whitehouse.gov-complain to US President Obama to end all wars. www.IMpeachObamaCamapign.com. www.washpost.com and www.cnn.com and www.bbc.com to complain to these mainstream media to stop promoting all wars and stop being against the poor and against the homeless and against the unemployed.
Please put more faith in Russia, it makes the inside joke so much funnier.
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