Iranian ambassador to Baghdad said Iran and Iraq are weighing plans to eliminate US dollar in trade transactions and also lift visa requirements for citizens of the two countries. Speaking at a TV program on Saturday night, Iraj Masjedi said Tehran and Baghdad are considering plans to use Iraqi dinar for trade transactions or develop […]
Tag Archives | De-Dollarization
New Payment System to Dodge Iran Sanctions
By John Lee. The remaining members of the Joint Comprehensive Plan of Action (JCPOA) have said they will set up a new payment system to maintain business with Iran and bypass US sanctions. The system, the details of which are still to be determined, would allow businesses to continue trading with Iran without using dollars. The […]
Tags: bank transfers, De-Dollarization, dollar transactions, featured, Joint Comprehensive Plan of Action (JCPOA), sanctions, United States
Can ‘De-Dollarization’ break Iran’s Economic Isolation?
By Navid Kalhor for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. While the nuclear deal struck between Iran and six world powers in 2015 lifted international sanctions, it failed to remove primary US restrictions on dollar transactions. As such, some in Iran have grown to […]