TEHRAN (Iran News) –For centuries, the U.S. has tried to dictate itself on the other countries in the world and one of its tools for dominance over the nations has been its currency, dollar, which has been used as a weapon to bring down the nations and their economies, and it had made this country as the economy number one in the world but it seems the world is gradually awakening and nations have decided to fight with this economic weapon through ditching the dollar and soon the U.S. dollar will lose its grandeur and will become an ordinary currency.
Many countries especially independent and big ones have decided to come out of the shadow of the U.S. dollar by reinforcing their currencies and cutting dependence of their economies on the dollar and it is a great blow for the U.S. dollar which has made the Americans worry about the fate of their national currency.
As many economists have predicted, China will soon replace the U.S. as the world economy No.1 and gradually its currency, yuan, is dominating in the global economy and many countries are following the footstep for replacing dollar with yuan in their trade and this is something which has angered the U.S. and it is a serious threat to the U.S. dominance in the world economy and politics.
The dollar has been an effective weapon for the U.S. in dictating its policies in the world and sanctions by the U.S. on nations is because of their dependence on the dollar otherwise sanctions would be ineffective and the U.S. will be unable to use sanctions as a tool for dominance.
In recent years many countries have decided to come out of the shadow of the dollar dominance by exchanging trade in their own currencies and this sounds warning for the grandeur of the U.S. economy and dollar, and we see the sign of decline inside the U.S. itself.
The Islamic Republic of Iran and many countries like India, Russia, Brazil and Turkey for years have decided to cut their dependence on the dollar through trade in national currencies and it will help countries like Iran and Russia to round the unfair and unilateral sanctions of the U.S. Of course in the near future the number of these countries would increase and the dollar through being ditched in trades by the countries will turn into a normal currency without any power and the Americans will be unable to impose more unilateral sanctions on other countries.
Iran’s top security official on Sunday said the move to reduce the use of dollar in regional and international transactions, joined by several countries, will minimize the West’s dominance over the global economy.
Secretary of Iran’s Supreme National Security Council (SNSC) Ali Shamkhani made the remarks in a meeting in Tehran with Russia’s State Council Secretary Igor Levitin, who is also a senior aide to Russian President Vladimir Putin.
He said the initiatives finalized between Iran and Russia in the sector of financial and banking exchanges aimed at funding joint projects are an “effective” paradigm for neutralizing the West’s unlawful sanctions against the two countries.
In recent days, Brazil has begun to accept trade settlements and investments in yuan, with an agreement reached between central banks in February, and the appointment of a yuan clearing bank and access to the Cross-border Interbank Payment System, the China equivalent to international financial messaging service Swift, last week.
Russia after the war with Ukraine decided to cut its dependence on the dollar in its trade and it decided to trade in its national currency, rouble, and it helped the country survive the unilateral sanctions imposed by the West and predominantly the U.S.
India also decided to strengthen its currency rupee and it is now using its rupee in trade with many countries like Malaysia and Iran.
So we can see countries have realized that the era of uni-polarization has come to its end and they have realized that they should stand on their own feet and cut their dependence on the dollar which is used as a tool for the economic slavery by the U.S.
The Islamic Republic of Iran has also decided to switch to other currencies in its trade with other states especially with the neighboring countries and gradually the dollar will be fully ditched and national economy will cut its dependence on the dollar which has turned into a headache for the national economy.
Of course it will take time for fully ditching the dollar but it is an action which has been taken by Iran and many countries, and soon the countries will get rid of dollar dominance on their economies and people, and it will be also an end to the U.S. economic and political grandeur and the U.S. will be no economic and political superpower any longer in the world and countries will also get rid of the unilateral and unfair sanctions of the U.S. and then a new world order will be seen with real independence.
