Tehran University professor and member of the Iranian presidential delegation to China stressed the importance of de-dollarization for the international community. The dollar has been used by the U.S. as a weapon against various countries. It is unreliable and dangerous,” the professor warned.
Iranian professor stresses importance of de-dollarization
Professor Mohammad Marandi discussed de-dollarization and Iran’s relations with Saudi Arabia and China in an interview with the Chinese government news media Global Times published on Wednesday. He is an Iranian-American academic, vice president for international affairs at the University of Tehran and a member of Iran’s presidential delegation to China.
Marandi emphasized the trend of de-dollarization taking place in some parts of the world:
because the dollar is something that the United States has used as a weapon against different countries. The dollar is unreliable and dangerous.
“Therefore, countries like China, Iran, and Russia need to get away from the dollar so that the US cannot use it as a weapon against them… The U.S. should not be allowed to use the dollar to put pressure on other countries,” the professor added.
The restoration of bilateral relations between Saudi Arabia and Iran, brokered by China in March, is seen as an important step toward peace in the long-tumultuous Middle East.
“Iran already sells a significant amount of its oil in currencies other than the dollar.” I think it is in Saudi Arabia’s best interest to eventually move away from the dollar so that it does not become vulnerable or vulnerable to the United States.” The professor opined:
If the settlement goes forward, I think the chances of Saudi Arabia joining the ex-dollar group will increase considerably.
He also says: “Ideally, China should be able to import energy from the Gulf region using Chinese yuan, since China is a major energy importer from the Gulf region.”
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