Thursday, March 1, 2018

Cue the next U.S. war in 3,2,1 as Iran officially dumps the dollar in any and all trade

On March 1 the Iranian Central Bank has made it official that the country would no longer accept dollars in trade.

Instituting an earlier central bank proposal to cut off dollar usage for imports, the CBI made it official today and has also perhaps accelerated the countdown for the U.S. to ramp up efforts to make Iran the next Middle Eastern country on its regime change checklist.

Tehran has announced that purchase orders by merchants that are based on US currency would no longer be allowed to go through import procedures. 
According to local media, the policy is in line with an official request by the Central Bank of Iran (CBI) and is specifically meant to address fluctuations in market rates of the US dollar. 
The CBI’s director of Foreign Exchange Rules and Policies Affairs, Mehdi Kasraeipour, was quoted by IRNA news agency as saying the move had become effective from Wednesday by virtue of a letter sent to the Ministry of Industry, Mines and Trade. 
Tehran has long sought to switch to non-dollar based trade. It has already signed agreements with several countries and is in talks with Russia on using national currencies in settlements. – Russia Today


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