Russia Says Dollar's Days Numbered as Global Trade Currency
By Reuters
August 14, 2018 "Information Clearing House" - Russia has been discussing for some time the possibility of using national currencies to settle bilateral trade deals with Turkey, China and Iran, Russian Foreign Minister Sergei Lavrov said on a visit to the Turkish capital.
Lavrov, speaking at a news conference with his Turkish counterpart, said over time the role of the U.S. dollar as the currency of global trade will decline. He did not though make any commitments for Russia to drop the dollar in trade with Turkey, whose lira currency has plummeted.
Iraqi Prime Minister Haider al-Abadi stepped back from his commitment to abide by new U.S. sanctions on Iran on Monday, saying his government would only respect the dollar ban in transactions with Iran.
"I did not say we abide by the sanctions, I said we abide by not using dollars in transactions. We have no other choice," Abadi told a news conference in Baghdad.
Are You Tired Of The Lies And Non-Stop Propaganda? |
Last week he said Iraq disagreed with the U.S. sanctions on Iran but would abide by them to safeguard its own interests, triggering criticisms from Iran-allied Iraqi politicians and in the Islamic Republic.
The United States and Iran, increasingly at odds, are Iraq's two biggest allies and the sanctions put Abadi's outgoing government in a difficult position.
The sanctions target Iran's trade in gold and other precious metals, its purchases of U.S. dollars and its car industry.
Asked if Baghdad would stop imports of commodities, appliances and equipment by government companies from Iran he said the matter was still being reviewed.
"We honestly have not made any decision regarding this issue until now."
This article was originally published by "Reuters" -
The views expressed in this article are solely those of the author and do not necessarily reflect the opinions of Information Clearing House.
======
Note To ICH Community
We are currently searching for a new comment system as we have run out of options on how to prevent the constant bickering and attacks by troll's, whose intention is to paint our website and newsletter as, anti-Semitic, anti-American, pro-Russian fake news. We can no longer afford to invest hours of our time each day, trying to have people behave in a manner befitting those who say they are concerned for others, while offering abuse and hostility to other ICH community members.
When we have found such a comment system we will restore the comment function.
We ask that you assist us in dissemination of the article published by ICH to your social media accounts and post links to the article from other websites. This would be a better use of out time than trying to prevent abuse of our comment system.
Thank you for your continued support.
Peace and joy