Is it a powerful dollar or a declining one?

Alarm sounding for U.S. economic collapse as Trump is insisting on trade deal with China

Nowadays, if a country exports one billion euro of its crude oil to a European country, the mentioned billion euro of revenue can be accessible and utilized in the world trade system only and only after its equal dollar-based value has been recognized by the U.S. otherwise the said revenue has no any value in the international markets’ transactions.

By staff and agency

Malaysia accepts Iran’s cryptocurrency proposal

Malaysian Prime Minister Mahathir Mohamad has accepted Iran’s proposal on using cryptocurrency as an alternative to the United States’ dollar.

Rouhani says Muslim world should get rid of dollar domination

TEHRAN – President Hassan Rouhani suggested on Thursday that the Muslim world should take measures to put an end to domination of the U.S. dollar and financial regime.

By staff and agency

Next EU chief backs reducing dependence on dollar in defiance of U.S. sanctions on Iran

Charles Michel, the next president of the European Council, has backed efforts to reducing role of the United States’ dollar and increasing the international role of the euro.

Setting dollar on fire would be attack on enemy’s weak point: civil defense chief 

TEHRAN – The commander of Iran’s Civil Defense Organization has said if Iranians set to fire dollar bills it would be a direct attack on the enemy’s weak point.

Iraq to import Iranian energy avoiding U.S. dollar: Iraqi official

TEHRAN- Iraq is close to finalize a deal for importing Iranian energy despite American sanctions by avoiding the U.S. dollar, an Iraqi official said.

Russia, Iran give up dollar in settlement payments, says ambassador

Moscow and Tehran have given up the dollar in settlement payments and plan to shift completely to national currencies, with euro to be used if there are no other options, Russia’s Ambassador to Iran Levan Dzhagaryan said in an interview with TASS.

‘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.

EU plans to do all oil transactions with other states in euros: Iran

The European Union is going to ditch the US dollar and use its own currency in oil contracts worth 300 billion euros, an Iranian official said, quoting a European commissioner.