Central Banks are ditching the dollar for gold

First-quarter gold purchases by central banks, led by Russia and China, were the highest in six years as countries diversify their assets away from the U.S. dollar.

Addiction treatment in Iran hampered by U.S. sanctions

TEHRAN – A recent statement by the director of Prevention and Treatment Development at the State Welfare Organization of Iran shows that despite Washington claims that sanctions are targeted at the Islamic Republic, it is ordinary Iranians in need that are to face the fallout.

By Salman Parviz

India, Iran to maintain trade level amid sanctions

U.S. unilateral sanctions bring economic challenges for both nations

TEHRAN -- Re-imposition of sanctions by U.S. President Donald Trump’s administration against Iran sent the national currency rial on a roller coaster ride against the U.S. dollar, spiraling inflation and soaring cost of living for the general public in Iran. From the record highs of 190,000 rials against the dollar in late September, the greenback exchange rate has now recovered, hovering around 10,000 rials in the open market. 

‘Iran ditches dollar in transactions with several countries’

TEHRAN- Iran has made mutual monetary agreements with some countries on the way to abolish U.S. dollar in its financial transactions and the issue will be incrementally generalized to other countries in future,” the governor of the Central Bank of Iran (CBI) announced in a meeting with Iranian economists on Monday, IRNA reported.

Russia wants to ditch U.S. dollar in trade with European partners

The Russian Ministry of Finance said on Monday it may shift to the use of local currencies with European trade partners. The move will be part of the so-called de-dollarization of the Russian economy.

EU's Mogherini eyes Iran SPV for trade 'before November'

NEW YORK (Reuters) - The European Union’s foreign policy chief, Federica Mogherini, said on Wednesday a so-called Special Purpose Vehicle (SPV) under consideration to facilitate trade with Iran could be in place “before November.”

U.S. dollar just few short years away from losing global dominance, investor Jim Rogers tells RT

The United States is the largest debtor nation in the world and “it’s getting worse and worse,” according to investment guru Jim Rogers, who talked to RT on the sidelines of the Eastern Economic Forum (EEF) in Vladivostok.

By Martin Love

Can U.S. government do without friends in long run? No

Iran’s neighbor, Turkey, with a population almost as large as Iran’s is suffering some of the same economic problems that Iran is suffering: a currency that has fallen precipitously against the “almighty” U.S. dollar, much higher inflation, and in Turkey’s case debt rating downgrades by the likes of the debt rating agencies (those with the most clout based in the U.S.), calls for the Turkish authorities to bend over to Western financial authorities and institutions, to borrow money from the IMF and well, you know, lose gobs of their sovereignty.

Certain manipulators of cellphone market arrested in Iran

TEHRAN - Gholam Hossein Mohseni Ejei, the Iranian Judiciary spokesman, announced on Sunday that certain individuals have been arrested and a number of companies closed down over price violations in the cellphone market.

By Marjan Golpira

Countries should not rely on U.S. dollars for trade: Turkish ambassador

TEHRAN - The Turkish envoy to Iran suggests displacement of dollars in international trade may protect states’ national interests.

By Haniyeh Sadat Jafariyeh

Gas first – energy for peace

When history is written, then President Trump's decision on 8th May to abandon the Joint Comprehensive Plan of Action (JCPOA) agreement with Iran may well be seen as a historic turning point.