Dedollarization: Warning about the beginning of economic problems in the United States and the end of American sanctions

According to "Sahab" agency, the US policy of using economic pressure and sanctions as a tool against countries that contradict its policy is not new. However, after the annexation of Crimea to Russia in 2014 and the imposition of sanctions against Moscow after the tension created in the east of Ukraine, the Federation and a number of other countries began to think in the direction of de-dollarization.

In order to neutralize the negative effects of the sanctions, the Russian government adopted a policy of reducing dependence on the dollar and using the national currency in foreign trade relations in order to strengthen the country's economy and the value of the national currency.

BRICS is the main driver of the de-dollarization process

The BRICS group was created to promote economic stability and global security. However, today the group has become one of the factors threatening the hegemonic structures of the West and the liberal international order.

With about 45% of the world's population, 36% of the total land area and about 37% of the world's GDP, the BRICS play an active role in international economic and trade decision-making processes.

With about 44% of the world's oil reserves, 30% of gold production, 79% of aluminum production and 77% of global palladium production, member countries can provide the world's energy and mineral resources.

CIS is the other arm of the de-dollarization process

The CIS is trying to advance the policy of de-dollarization, using national currencies and abandoning the US dollar in trade transactions.

Russian President Vladimir Putin announced that 85% of trade transactions within the CIS are successfully carried out in national currencies. It gives greater financial independence to developing countries and reduces dependence on foreign and western currencies.

Recently, the central banks of Iran and Russia signed a memorandum of understanding, as a result of which the Russian "Mir" banking network joined the Iranian banking network. Earlier, eight Iranian banks joined the Russian card payment system.

Iran proposed to Russia to create an institution similar to FATF among the BRICS member countries and is convinced that it will become a good opportunity for the development of banking cooperation between the member countries.

Tehran is also convinced that the Asian Exchange Union (ACU) is a very good opportunity to remove the dollar from trade transactions between member countries, including India and Pakistan.

The continuation of the de-dollarization process in the international exchanges may lead to inflation, unemployment, and daily expenses in the United States. And in general, it can be said that with the acceleration of the de-dollarization process, the US sanctions policy will end up in a dead end in the not-so-distant future.