Iranian Professor: Saudi Arabia May Join De-Dollarization Shift as US Dollar Is Now ‘Unreliable and Dangerous’

A University of Tehran prof and subordinate of Iran’s Presidential Delegation to China has stressed the value of de-dollarization for the planetary community. “The dollar has been utilized arsenic a limb by the U.S. against antithetic countries. It is unreliable and it is dangerous,” the prof warned.

Iranian Professor Stresses the Importance of De-Dollarization

Professor Mohammad Marandi discussed de-dollarization and Iran’s relations with Saudi Arabia and China successful an interrogation with Chinese government-owned quality outlet Global Times, published Wednesday. He is an Iranian American world who is the University of Tehran’s Vice President for International Affairs and a subordinate of Iran’s Presidential Delegation to China.

Commenting connected the de-dollarization inclination successful respective parts of the world, Marandi emphasized:

De-dollarization is precise important for the planetary community, due to the fact that the dollar has been utilized arsenic a limb by the U.S. against antithetic countries. It is unreliable and it is dangerous.

“Therefore, countries similar China, Iran, and Russia among galore others, request to determination distant from the dollar truthful that the U.S. cannot usage it arsenic a limb against them … The U.S. should not beryllium allowed to usage the dollar to enactment unit connected different countries,” the prof added.

The restoration of bilateral ties betwixt Saudi Arabia and Iran, brokered by China successful March, has been seen arsenic a important measurement towards bid successful the agelong play of turbulence successful the Middle East.

“Iran already sells a important magnitude of petroleum utilizing currencies different than the U.S. dollar,” Marandi continued. “I deliberation for Saudi Arabia, yet it volition beryllium successful its champion interests to determination distant from the dollar arsenic good successful bid to marque definite that it is not susceptible oregon little susceptible to the U.S.” The prof opined:

If the rapprochement continues, past I deliberation the chances for Saudi Arabia to articulation the campy of de-dollarization increases substantially.

Moreover, helium said: “Since China is simply a large vigor importer from the Gulf region, it would beryllium perfect for China to beryllium capable to usage China’s yuan to import vigor from the region.”

What bash you deliberation of Professor Mohammad Marandi’s view? Let america cognize successful the comments conception below.

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