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Iran to dump the US dollar in response to Trump's travel ban

mrpops09_CMOD_mrpops09_CMOD_ Chief Moderator

Tehran plans to ditch the use of the American currency in financial reporting after US President Donald Trump issued a travel ban on seven countries, including Iran.According to the local news agency PressTV, the Central Bank of Iran is seeking to replace the dollar with a new common foreign currency or use a basket of currencies in all official financial and foreign exchange reports.The governor Valiollah Seif said it would come into force in the new financial year starting March 21, 2017.The agency quotes Seif recommending using currencies with a “high degree of stability.”The decision comes after President Trump temporarily banned citizens of Iran, Iraq, Libya, Somalia, Sudan, Syria, and Yemen from entering the US.After Trump’s election, the Iranian rial saw record lows against the dollar. On December 27 it plunged to its all-time low of 41,600 rials to the dollar.The head of the central bank said the US did not have a significant role in Iranian trade and could be replaced with currencies of Iran’s key partners like the European Union, China, and the United Arab Emirates.https://www.rt.com/business/375789-iran-dollar-trump-ban/

Ephesians 6:12 For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places.

Comments

  • mrpops09_CMOD_mrpops09_CMOD_ Chief Moderator
    There seems to be this trend of leaders getting killed that dump the US dollar..... Let's see if a coup just "happens" to take place in the next year or two 
    Ephesians 6:12 For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places.
  • Matt_ADMIN_Matt_ADMIN_ Administrator
    edited January 31
    I read something interesting regarding this "nuclear deal" with Iran. Everyone on the outside viewed it as Mr Obama being soft and giving Iran whatever they wanted, but when the deal was analyzed, it was discovered that all that money that was sent over and freed up went directly to those elements within the Iranian government that are opposed to the current Ayatollah and gang. Basically, it was an easy and open way to send massive financial support to the "opposition". There seem to be factions over there that are jockeying for power.
    -------------------
    "...Say, 'GOD is sufficient for me.' In Him the trusters shall trust." (Quran 39:38)
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