Iran, Russia formally agree to trade in mutual currencies to bypass US Dollar

[FAH1223]

Iran, Russia to use national currencies for mutual trade: official
Source: Xinhua | 2017-03-31 04:50:54 | Editor: huaxia


Russian President Vladimir Putin shakes hands with his Iranian counterpart Hassan Rouhani during their meeting at the Kremlin in Moscow. (AFP photo)

TEHRAN, March 30 (Xinhua) -- Governor of the Central Bank of Iran (CBI) Valiollah Seif said that Tehran and Moscow will use their currencies in trade exchanges between the two countries, semi-official Fars news agency reported on Thursday.

"Talks have been held with the Central Bank of Russia over linking Mir payment system of Russia and Iran's Shetab (Interbank Information Transfer Network) so that tourists can easily use ATM devises while visiting each countries," Seif was quoted as saying.

Two major banks of Russia and Iran are pursuing replacement of dollar with national currencies so that the traders will settle transactions in rial and ruble, Seif said.

"Gazprombank of Russia and Iran's Bank Melli have agreed to open a joint account for using national currencies which will boost trade turnover and increase the volume of imports and exports," he said.

Talks are in final stages and the agreement will be inked in near future and the connection will take place in one month, he added.

Russia and Iran signed Tuesday a string of cooperation agreements in various fields including the energy sector as President Vladimir Putin hosted his Iranian counterpart Hassan Rouhani for his official visit to Moscow.

The two leaders discussed during the meeting prospects for expanding bilateral trade, economic and investment ties and agreed to deepen Russian-Iranian cooperation in various areas, primarily the economy.

Iran, Russia to use national currencies for mutual trade: official - Xinhua | English.news.cn

[HashIII]

FAH. Could you explain the implication of this in layman's terms? What does this mean for the US dollar?

[FAH1223]

FAH. Could you explain the implication of this in layman's terms? What does this mean for the US dollar?

Basically threatens the hegemony of the dollar international trade

But with the banks controlling Washington DC and systemic risk still high post-2008, the next financial crisis alone will threaten the dollar being the world currency since the FED will try to do what they did in the last crisis and just print trillions to bail out the system which will destroy confidence in the dollar

[bumps]

interesting news.

[gegiroor]

I doubt they'll carry on to implement this announcement. For the American empire, it is an economic suicide to accept such arrangement that affects the US dollar.

That means, massive American military response against Iran. Will Putin give them a nuclear umbrella like he did in Syria?

It is most likely a pressure point where Iran is averting further sanctions, and for Russia it is to get the sanctioned alleviated and eventually listed. They won't dare to challenge the fiat money unless they're pushed to a corner.

[Gaashaanle1000]

FAH. Could you explain the implication of this in layman's terms? What does this mean for the US dollar?

Basically threatens the hegemony of the dollar international trade

But with the banks controlling Washington DC and systemic risk still high post-2008, the next financial crisis alone will threaten the dollar being the world currency since the FED will try to do what they did in the last crisis and just print trillions to bail out the system which will destroy confidence in the dollar

They will try it yet again, but I think the elites know the show is up. This time we might see a real collapse in the global fiat economy, and the results might range from anything to a post WW3 (Nuclear) mad max scenario, to as little as the IMF suggesting a new world currency in order to ease the pain. But somehow I do not think the Eastern bloc will accept this, and seeing as tensions are already as high if not higher than cold war era, it will not be a good outcome whatever the result is.

Either way there will be hell to pay for all of the unnatural economy and slave matrix system we have all been born into. We are all in some way a product of this fiat currency, meaning that the world population exploded because of trust in this fake wealth.

Humanity was well and truly duped into a scheme of all schemes.

Only Allah knows the future, but I am amazed at how they still manage to keep this economy running. I would not be surprised if they are using some sort of super computer algorithms to inject money into failing areas of the economy on a constant basis to keep it working.

[gurey25]

This is a formalization of events that were started with the embargo in the first place.
US allies Japan and South Korea were the main abusers, and have been slapped with punishments behind the scenes.
Another sanctions busting abuser, India has been hounded by the US for years with no real results.

This all comes down to a conflict of interest between Isreal and the empire.
There is still time to break up the Russo-chinese informal alliance and destroy the new silk road, trapping China into US subserviance for another 50 years at least.
The problem is the selfish interest of Isreal and its control over lobby groups in the US and most of western Europe tilting policy towards isreal.

If you want US dominance for another 50 years plus, the weakening of china and russia, and dollar hegemony.

You need to make peace with Iran and win it over to your side.

The problem is that Isreal is uncomfortable with a Modern, and industrialized country like iran existing,
especially with Irans Scientific prowess.
The last country to fit into this profile was Iraq, and Isreal wants Iran to be a third world hell hole like Iraq too.

As we see Isrealis lobby remaining in a superior position , the decline of the Dollar Hegemony is gaurenteed.
With loss of dollar hegemony , isreal is weakened emmensly.
especially if they have real millitary opponents on the right side of the millitary technological cycle.

right now they are very lucky to have only Hezbollah as opponents that have the correct organizational structure to resist them,
as well as being on the right side military technology.

hezbollah has right now aqquired 3rd generation ATGMS, top attack and dual warhead to defeat ERA armour.
They have also aqquired long range MLRS( iranian knockoffs of smerch).

Their elint and electronic warfare has also improved,
along with war experience in Syria.

The next Lebanon invasion will not be the half assed attempt by the stupid olmert government, it will be a massive combined arms thrust all the way past bierut to tripoli.

everyone expected it would happen by 2012, both sides have been retraining and re-organizing for this showdown.

the Russian intervention in syria stopped all this cold.

[Basra-]

This was a predictable union. When Iran went to US to make a deal--it was looking at Russia and China going ahead in the world despite not having a great relation with the US. They thought they were the loser for bein stubborn. Now that sanctions have been lifted for Iran, It make deals and make some money like Russia and China. It makes sense the three countries unite because the rest of the world have basically pushed them into a corner. But at the end of the Day-- USA rules the world. That's not going to change for another 200 years.

[Basra-]

Actually---I cannot say that. lol USA ruling for another 200 years! Things are very weird nowadays. LOL In the summer of 2015 - Gay marriage became law. In 2016 Trump became president. Maybe we r on the precipice of the decline of USA.


Gurey---I might say --you are right --for once . It pains me to say this

[FAH1223]

They will try it yet again, but I think the elites know the show is up. This time we might see a real collapse in the global fiat economy, and the results might range from anything to a post WW3 (Nuclear) mad max scenario, to as little as the IMF suggesting a new world currency in order to ease the pain. But somehow I do not think the Eastern bloc will accept this, and seeing as tensions are already as high if not higher than cold war era, it will not be a good outcome whatever the result is.

Either way there will be hell to pay for all of the unnatural economy and slave matrix system we have all been born into. We are all in some way a product of this fiat currency, meaning that the world population exploded because of trust in this fake wealth.

Humanity was well and truly duped into a scheme of all schemes.

Only Allah knows the future, but I am amazed at how they still manage to keep this economy running. I would not be surprised if they are using some sort of super computer algorithms to inject money into failing areas of the economy on a constant basis to keep it working.

Yeah and its all fake money. The derivatives market is all fake. It's a disgusting system..

This is a formalization of events that were started with the embargo in the first place.
US allies Japan and South Korea were the main abusers, and have been slapped with punishments behind the scenes.
Another sanctions busting abuser, India has been hounded by the US for years with no real results.

This all comes down to a conflict of interest between Isreal and the empire.
There is still time to break up the Russo-chinese informal alliance and destroy the new silk road, trapping China into US subserviance for another 50 years at least.
The problem is the selfish interest of Isreal and its control over lobby groups in the US and most of western Europe tilting policy towards isreal.

If you want US dominance for another 50 years plus, the weakening of china and russia, and dollar hegemony.

You need to make peace with Iran and win it over to your side.

The problem is that Isreal is uncomfortable with a Modern, and industrialized country like iran existing,
especially with Irans Scientific prowess.
The last country to fit into this profile was Iraq, and Isreal wants Iran to be a third world hell hole like Iraq too.

As we see Isrealis lobby remaining in a superior position , the decline of the Dollar Hegemony is gaurenteed.
With loss of dollar hegemony , isreal is weakened emmensly.
especially if they have real millitary opponents on the right side of the millitary technological cycle.

right now they are very lucky to have only Hezbollah as opponents that have the correct organizational structure to resist them,
as well as being on the right side military technology.

hezbollah has right now aqquired 3rd generation ATGMS, top attack and dual warhead to defeat ERA armour.
They have also aqquired long range MLRS( iranian knockoffs of smerch).

Their elint and electronic warfare has also improved,
along with war experience in Syria.

The next Lebanon invasion will not be the half assed attempt by the stupid olmert government, it will be a massive combined arms thrust all the way past bierut to tripoli.

everyone expected it would happen by 2012, both sides have been retraining and re-organizing for this showdown.

the Russian intervention in syria stopped all this cold.

The Israeli lobby and the politicians in DC are so blind. It's going to be funny when the system collapses and they have zero answers.

[whitehartlane]

The dollar can not and will not collapse. It's in the interest of the wealthy elite 1% who trade in the dollar to sustain the credibility of this international currency.. the elite are from every part of the world, including Russian Chinese south American middle eastern and Europeans..

Governments have no longer say in how the world ticks, unless few well connected organisations that have no allegiance to a flag or religion baptize a major international move, it won't materialise into anything meaningful.

Selected families selected monarchs and few extreme borderless organisations can give the go ahead to any new world order.

[AbdiWahab252]

A futile expression of solidarity that won't amount to much

[paperino]

A futile expression of solidarity that won't amount to much

Mr. Beendiid, if Trump negotiates with Russia to lift the sanctions in exchange for ditching Iran/Syria, would Putin oblige?

[FAH1223]

A futile expression of solidarity that won't amount to much

Mr. Beendiid, if Trump negotiates with Russia to lift the sanctions in exchange for ditching Iran/Syria, would Putin oblige?

They ain't giving up their naval base in Syria or increased trade with Iran for the sanctions.

[gurey25]

The dollar can not and will not collapse. It's in the interest of the wealthy elite 1% who trade in the dollar to sustain the credibility of this international currency.. the elite are from every part of the world, including Russian Chinese south American middle eastern and Europeans..

Governments have no longer say in how the world ticks, unless few well connected organisations that have no allegiance to a flag or religion baptize a major international move, it won't materialise into anything meaningful.

Selected families selected monarchs and few extreme borderless organisations can give the go ahead to any new world order.

The problem is the elite that control the world financial system, are not united.
you have the talmudist jews who are an essential part of that elite, that are rebelling and not going with the program.
Right now contratry to conspiracy theories that believe that jews control the world.
they dont, they are a junior memeber of the club that controls the world.
but we know from eschatlogy that they do in the end pull a coup and actually take over in the future.

This club is very conservative and they want to preserve power and wealth, the entire world economy is based on the US dollar,
and china has entered the yuan into the IMF SDR basket of currencies, to prop up the Dollar.
They have contingency plans for a dollar collapse, but they are willing to work hard and keep the Dollar alive.
its for Chinas benefit.

Its just the damn jews that are ruining the whole plan with their obstinancy and short sidedness.