A University of Tehran teacher and member of Iran’s Presidential Delegation to China has actually worried the significance of de-dollarization for the worldwide neighborhood. “The dollar has actually been utilized as a weapon by the U.S. versus various nations. It is undependable and it is hazardous,” the teacher alerted.
Iranian Professor Stresses the Importance of De-Dollarization
Professor Mohammad Marandi gone over de-dollarization and Iran’s relations with Saudi Arabia and China in an interview with Chinese government-owned news outlet Global Times, released Wednesday. He is an Iranian American scholastic who is the University of Tehran’s Vice President for International Affairs and a member of Iran’s Presidential Delegation to China.
Commenting on the de-dollarization pattern in numerous parts of the world, Marandi highlighted:
De-dollarization is really crucial for the worldwide neighborhood, due to the fact that the dollar has actually been utilized as a weapon by the U.S. versus various nations. It is undependable and it is hazardous.
“Therefore, countries like China, Iran, and Russia among many others, need to move away from the dollar so that the U.S. cannot use it as a weapon against them … The U.S. should not be allowed to use the dollar to put pressure on other countries,” the teacher included.
The remediation of bilateral ties in between Saudi Arabia and Iran, brokered by China in March, has actually been seen as a considerable action towards peace in the extended period of turbulence in the Middle East.
“Iran already sells a substantial amount of petroleum using currencies other than the U.S. dollar,” Marandi continued. “I think for Saudi Arabia, ultimately it will be in its best interests to move away from the dollar as well in order to make sure that it is not vulnerable or less vulnerable to the U.S.” The teacher suggested:
If the rapprochement continues, then I believe the opportunities for Saudi Arabia to join the camp of de-dollarization increases significantly.
Moreover, he stated: “Since China is a major energy importer from the Gulf region, it would be ideal for China to be able to use China’s yuan to import energy from the region.”
What do you think about Professor Mohammad Marandi’s view? Let us understand in the comments area below.
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