Socio-Economics History Blog

Socio-Economics History Blog

Iran Plans to Phase Out Dollar, Euro in Foreign Trade: Economic Minister!

by mosesman

[youtube=http://www.youtube.com/watch?v=P02vjiEZyUs]

  • What Iran is doing amounts to the breaking of the western Illuminati’s global monetary hegemony. Since Iran can no longer use the SWIFT system because they have been kicked out, it implies that there is in placed another international trade settlement system (not under the control of the west). For Iran to be successful, their trading partners (foreign countries) must also participate in this new system.
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  • Circumventing the SWIFT system means that the western Illuminist ruling power no longer can see which country is doing how much business ($$) with which countries. Using the SWIFT they can monitor the oil trade. By using the SWIFT the west can impose their global economic hegemony. Locking a nation out means denying the nation the only means of settling international trade ie. stopping the imports/exports of a country. SWIFT gives them valuable intelligence on a country via the monitoring of financial transactions! With a new system in placed, it is the end of all these shenanigans, end of bullying of nations, end of total financial, economic control … by the western Illuminist power!
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  • It is clear: this is a direct assault on the Illuminist’s global monetary hegemony. The western Illuminati will go to war with Iran over this! On the other side will be Russia/China, the BRICS … and their supporters. This smells like the making of WW3! Watch for an increasingly belligerent Zionist ‘666’ Israel against Iran ie. the west will use the Satanic counterfeit to attack Iran and trigger WW3!
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    Iran plans to phase out dollar, euro in foreign trade: Econ. min.! 
    by http://www.presstv.com/ 
    Iran’s Minister of Economic Affairs and Finance Shamseddin Hosseini says the country plans to phase out dollar and euro in its future international transactions after the US and the European Union (EU) imposed sanctions on Iran.“[Iranian] government has made up its mind to phase out vehicle currencies such as dollar and euro in its [foreign] trade,” Hosseini told reporters on the sidelines of the first meeting of the heads of Economic Cooperation Organization’s tax organizations in Tehran on Monday.
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    He added that after the imposition of sanctions on Iran by the US and the EU, the Central Bank of Iran (CBI) immediately moved to change the country’s hard currencies reserves into euro and gold which “was beneficial to the country.”
    The Iranian minister noted that a change in trade model would reduce the country’s need to vehicle currencies, including dollar and euro.
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    Hosseini stated that Iran’s trade partners have welcomed the decision due to the currency war waged by the US through devaluation of dollar and also because of West’s financial crisis which has convinced other countries to phase out vehicle currencies.On November 22, 2012, the CBI Governor Mahmoud Bahmani called for the use of local currencies in the global trade system as alternative to dominant tenders.
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    “Iran has taken proper measures to remove dominant currencies, particularly dollar and euro, from its foreign currency reserves as well as its international trade. [In doing this, Iran has shown that] it is possible to do trade without relying on major currencies,” he said.
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    At the beginning of 2012, the US and the European Union imposed new sanctions on Iran’s oil and financial sectors with the goal of preventing other countries from purchasing Iranian oil and conducting transactions with the Central Bank of Iran.

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