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FM Zarif: Iran’s ditching of US dollar to ease sanctions pressure paying off

Sunday, 05 July 2020 8:42 AM  [ Last Update: Sunday, 05 July 2020 9:22 AM ]

US Rep. Ilhan Omar (D-MN) (L) talks with Speaker of the House Nancy Pelosi (D-CA) during a rally with fellow Democrats before voting on H.R. 1, or the People Act, on the East Steps of the US Capitol on March 08, 2019 in Washington, DC. (AFP photo)

Iran’s Foreign Minister Mohammad Javad Zarif gestures during an open session of parliament in Tehran on July 5, 2020.

Foreign Minister Mohammad Javad Zarif has underlined Iran’s achievements in ditching the US dollar, citing the country’s use of barter system to ease up pressure caused by the illegal US sanctions.

Speaking at an open parliamentary session on Sunday, Zarif said ditching the dollar in economic trade with other countries is one of the options to ease the sanctions pressure.

“One of the issues that reduces the pressure of sanctions is the elimination of the dollar from transactions, which we have been pursuing through the use of the barter system and many countries have joined in,” he said. 

The US unleashed its so-called maximum pressure campaign against Iran in 2018, when it left the 2015 multilateral nuclear deal, officially known as the Joint Comprehensive Plan of Action (JCPOA).

Following its withdrawal, Washington targeted the Iranian nation with the “toughest ever” economic sanctions, which Tehran has denounced as economic terrorism.

In his address, Zarif said the US is waging an “all-out war” against Iran because the Islamic Republic is an “emerging power”.

“In this all-out war, the US wants to do several things, the most important of which is to conceptualize Iran as a security threat” and then use its influence in the UN Security Council or international financial institutions to harm the Islamic Republic.  

The US, Zarif noted, is also exerting pressure on Iran’s friends and targeting the country’s interests in the region.

“The most important goal that the United States is pursuing is to separate the people from the government and portray the Islamic establishment as inefficient and delegitimize it,” he pointed out.

The top Iranian diplomat further referred to four UN Security Council meetings held over the past years with the aim of pressuring Iran.

“In all the sessions, the US was isolated as UNSC member states insisted on preserving the JCPOA and stressed that the US was taking up a wrong approach.”

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