- US Sanctions Threaten Dollar as World’s Reserve Currency: Scholar
The United States has imposed sanctions on the 40 percent of the world’s population which has threatened the dollar as the world’s reserve currency, says E Michael Jones, an American writer and former professor.
Iranian Foreign Minister Mohammad Javad Zarif earlier this month told Parliament that Iran and China were working on a 25-year strategic partnership. China has said it will invest US$400 billion in the Iranian economy.
An advisor to Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei has said that the potential strategic partnership between Iran and China is to help ditch the dollar in bilateral trade and bypass illegal and unilateral US sanctions. Ali Aqa-Mohammadi said the 25-year document is more than an “agreement” which usually encompass just a certain issue.
The official said the partnership roadmap solidifies the two countries’ economic and defensive cooperation by protecting their dealings from “third-party intervention.” It would “close up and eliminate the key spots,” where sanctions, including those targeting defense cooperation between the two countries, could be implemented, he noted.
“The US doesn’t want the sanctions to be relieved,” Aqa-Mohammadi said. “This document upsets the sanctions and the Iran-China roadmap disarranges many of the US plans.”