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The Secretary of Iran’s Supreme National Security Council, Ali Shamkhani, recently said that reducing the influence of the U.S. dollar on regional and international trade Iran and Russia have finalised an agreement to trade in their local currencies instead of the U.S dollar, Iran's state media reported on Wednesday. TEHRAN, April 9 (Xinhua) - A top Iranian security official said on Sunday that reducing the U.S. dollar's influence on regional and international trade will minimize the West's domination over Brics provides Iran with a platform to expand its energy exports and trade without relying on the US dollar. With one of the largest oil and gas reserves in the world Trump has actively sought to dismantle the political, economic, and military alliances that have upheld the U.S.-led world order since World War IIan order Tehran is TEHRAN (Tasnim) – Reducing the influence of the US dollar in the regional and international economic transactions will minimize the dominance of the West over global

Iran Aims to Reduce US Dollar Influence on Regional and International Trade

Iran is actively taking steps to diminish the U.S. dollar's dominance in regional and international trade, seeking to foster greater economic independence and challenge the West's influence. The Secretary of Iran’s Supreme National Security Council, Ali Shamkhani, recently said that reducing the influence of the U.S. dollar on regional and international trade will minimize the West's domination over global markets. This initiative is gaining momentum as Iran looks to strengthen ties with its allies and leverage alternative economic platforms.

Trading in Local Currencies: A Key Strategy

A significant development in this strategy is the move towards trading in local currencies. Iran and Russia have finalised an agreement to trade in their local currencies instead of the U.S dollar, Iran's state media reported on Wednesday. This bilateral agreement is a concrete example of Iran's commitment to de-dollarization and its willingness to explore alternative payment systems.

Minimizing Western Domination

TEHRAN, April 9 (Xinhua) - A top Iranian security official said on Sunday that reducing the U.S. dollar's influence on regional and international trade will minimize the West's domination over global economic affairs. TEHRAN (Tasnim) – Reducing the influence of the US dollar in the regional and international economic transactions will minimize the dominance of the West over global finance. This ambition reflects a broader geopolitical objective to reshape the global economic landscape.

BRICS as a Platform for Expansion

Brics provides Iran with a platform to expand its energy exports and trade without relying on the US dollar. With one of the largest oil and gas reserves in the world, Iran sees BRICS as a crucial avenue for expanding its economic reach and diversifying its trading partners. This is especially important given the historical challenges and geopolitical climate.

Challenging the U.S.-Led World Order

Trump has actively sought to dismantle the political, economic, and military alliances that have upheld the U.S.-led world order since World War IIan order Tehran is keen to see altered. Iran's efforts to reduce its reliance on the U.S. dollar are part of a larger strategy to challenge this established order and create a more multipolar global economy.

In conclusion, Iran's consistent efforts to reduce the U.S. dollar's influence represent a strategic shift towards greater economic independence and a challenge to the existing global financial system.

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