An Iranian academic and member of Iran’s Presidential Delegation to China, Professor Mohammad Marandi, has emphasized the importance of de-dollarization for the international community. In an interview with Chinese government-owned news outlet Global Times, he discussed de-dollarization and Iran’s relations with Saudi Arabia and China. Marandi stated that the dollar has been used as a weapon by the U.S. against different countries and is unreliable and dangerous. He stressed the need for countries like China, Iran, and Russia to move away from the dollar to prevent the U.S. from using it as a weapon against them. He also stated that it would be in Saudi Arabia’s best interests to move away from the dollar to ensure it is less vulnerable to the U.S.
Marandi’s comments come as several parts of the world are embracing de-dollarization. The restoration of bilateral ties between Saudi Arabia and Iran, brokered by China in March, has been seen as a significant step towards peace in the long period of turbulence in the Middle East. Marandi believes that if the rapprochement continues, Saudi Arabia’s chances of joining the camp of de-dollarization will increase substantially.
Marandi also highlighted that Iran already sells a significant amount of petroleum using currencies other than the U.S. dollar. He believes that since China is a major energy importer from the Gulf region, it would be ideal for China to use its yuan to import energy from the region.
The U.S. dollar has long been the dominant currency in the world, with many countries using it for international transactions. However, its use as a weapon by the U.S. against countries has led to a growing trend of de-dollarization. Russia and China, in particular, have been working to reduce their dependence on the dollar and have been increasing their use of other currencies in international transactions.
Marandi’s comments echo those of many other experts who believe that de-dollarization is necessary to reduce the U.S.’s ability to use the dollar as a weapon. The shift towards de-dollarization is likely to continue, with more countries looking to reduce their dependence on the dollar and increase their use of other currencies.
In conclusion, Marandi’s comments on de-dollarization and Iran’s relations with Saudi Arabia and China highlight the growing trend of de-dollarization in the world. As more countries look to reduce their dependence on the dollar, the shift towards de-dollarization is likely to continue.
