The annual general meeting of the Asian Clearing Union will be held in Tehran in the next few days, where independence from the US dollar was one of the main topics.
Not only ACU representatives are present at the meeting, but also officials from several other countries.
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Based on official information, in addition to Bangladesh, Bhutan, India, Iran, the Maldives, Myanmar, Nepal, Pakistan and Sri Lanka, Russia, Belarus and Afghanistan were also represented. The event was organized by the Central Bank of Iran.
ACU currently operates with nine members, namely Bangladesh Bank, Royal Monetary Authority of Bhutan, Reserve Bank of India, Central Bank of Iran, Maldives Monetary Authority, Central Bank of Myanmar, Nepal Rastra Bank, State Bank of Pakistan, and the Central Bank of Institutions called Sri Lanka.
Representatives of the Russian, Belarusian and Afghan central banks participated in the conference as observers.
The deputy prime minister of Iran, Mohammad Mokhber, said that the role of the dollar in the world economy is changing, and an increasing number of countries are moving away from it in the course of their business.
According to him, this is no longer a voluntary process, but a forced response on the part of the countries, thanks to the fact that the US government started using the dollar as a weapon.
According to Mokhber, based on the experience of the past decades, the trend is clear, according to which many countries are trying to move away from the dollar in order to avoid possible future sanctions.
The weakening role of the dollar also significantly weakens the global political weight of the United States, causing challenges for them.
The deputy president also said that Iran is committed to developing banking and trade relations between the ACU member states in all areas.
For a long time, Iran has been trying to reduce its dependence on the dollar as much as possible, and in the spirit of this, it no longer uses the USD in its trade transactions with Russia.
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The country’s president, Ebrahim Raisi, has called on their central bank to stop using the dollar, and is reported to have officially said that they are looking for a way for Iran to join the ranks of the BRICS countries, in order to soften the effects of Western hegemony. .
The BRICS countries, Brazil, Russia, India, China and South Africa, have already started moving away from the dollar.
According to the news, the leaders of the economic association have already considered issuing their own common currency, and this topic will play a central role at the next summit meeting of the heads of state.
In addition to the BRICS, the ten members of ASEAN, the Association of Southeast Asian Nations, also expressed their agreement that they should not use the dollar in trade with each other, but their own national currency.
Source: news.bitcoin.com
Featured image: Images Money
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