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RichieAllen.co.uk Forum > Community > General Discussion > The SWIFT system
RichieAllen.co.uk Forum > Community > General Discussion > The SWIFT system

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The SWIFT system
Steve Offline
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05-06-2022, 11:31 AM
Delinking from Dollar Dominated Trade: Circumventing US Sanctions. Iran–Venezuela Energy Cooperation


Iran and Venezuela are poised to enter a new era to fight US sanctions. Their cooperation in Hydrocarbons production as well as trade may help them gradually detach from western sanctions.

An idea brought forward in this interview is their joint exit from the dollar-dominated trade economy, by selling their petrol and gas in one or more other currencies than the US dollar or even the Euro. Ideally, they may want to join the Russian move of selling gas for rubles instead of US dollars.
This Russian initiative, of course, has been a major “explosion” in Europe and elsewhere in the world, but most countries eventually accept this new payment mode – one that is totally delinked from the US dollar and its little brother, the Euro…



https://www.globalresearch.ca/iran-venez...ns/5779378
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The SWIFT system - by Steve - 03-17-2022, 07:57 AM
RE: The SWIFT system - by Steve - 05-06-2022, 11:31 AM

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