Status quo of digital currency in Iran
the impact on China is nothing more than that the oil price is a little higher, and our oil import will face a more unfavorable situation. China's procts are famous for their low price in the world. When the price of raw materials is high, we can also transfer our pressure to consumers. The low price goods used by foreigners will no longer be low, and we are not the only ones who suffer losses.
the exchange rate of RMB to Iranian Riyal is 6469.228620
the exchange rate of Iranian Riyal to RMB is 0.0002
since the 1970s, the US dollar and oil have been bound together to form & quot; Petrodollars & quot; After the combination of commodity currencies, almost all oil countries have to look at the US dollar. If they do not comply, they will face sanctions and restrictions from the US dollar, and then lose the channel to carry out normal oil trade and commodity trade with the world. The US dollar has been creating an unfair and unreasonable monetary phenomenon. Among them, the US dollar's restrictions on Iran, an oil country, have been very obvious since 2018. However, the Baijia research team of BWC Chinese network has noticed that several latest developments show that Iran has broken and is continuing to break through the dollar limit
oil tankers loaded with Iranian oil usually turn off their transponders when loading to avoid being found, and can only be tracked near the ports of Oman, UAE and Iraq, Reuters said on March 9, quoting refrinitiv analysts. According to reports, most financial transactions are concted in RMB or euro to bypass the US dollar restrictions. In other words, Iran's oil exports did not stop because of the restrictions of the US dollar< In the past 14 months, Iran has delivered about 17.8 million tons of oil to major Asian markets, according to the data of refreshiv oil research. January and February this year saw record trading volumes. According to the latest news, in addition to RMB trading in Iranian oil, Reuters also mentioned the euro. According to the analysis, Iranian oil not only broke the dollar limit and was transported to China, but also to some European countries. The core logic behind this is that European countries are also working with Iran to de dollarize. This is no doubt a surprise to the dollar
a new development is that according to the news released by the Iran Switzerland Joint Chamber of Commerce quoted by Iranian media presstv not long ago, according to the shta trade mechanism, the first transaction between Switzerland and Iran shows that the cooperation between Iran and Swiss enterprises has bypassed the US dollar. Iranian media also said that at present, four Iranian banks are negotiating with Germany, France, Britain, Russia, Switzerland, Austria and other countries on the use of cryptocurrency in trade settlement and financial transactions
as early as a year ago, more than a dozen European countries, represented by Germany, have joined an instrex mechanism to help Iran's economy conct normal business settlement. The European Central Bank said that the digital currency scheme supporting avoiding swift is expected to make a breakthrough in a few months. It is obvious that the US dollar's plan to restrict Iran's oil exports and try to cut off Iran's currency and commodity transactions with the outside world has failed. The sovereign cryptocurrency solution in the form of blockchain technology undoubtedly makes the US dollar more headache
it is worth noting that the Central Bank of Iran has established a blockchain currency research laboratory to develop national cryptocurrency supported by local currency. It is reported that the head of Iran's export guarantee agency said two weeks ago that at present, the funds managed by the agency have replaced the banking system, and tried to clear the obstacles faced by Iran's engineering and technical service departments by issuing guarantees. At present, Iran has issued more than 1000 cryptocurrency mining licenses, This could boost trade, including oil, using cryptocurrency to import goods.
In the eyes of the Iranian government, the adverse growth of bitcoin is the most important point
it's not too much to describe bitcoin as an "indestructible little power". Under the background of various countries' attack, the current market value of bitcoin has reached an unprecedented US $102.14 billion, more than that of Goldman Sachs, an investment company, and its share price has also stubbornly exceeded US $6300. What does it mean to have a market value of more than 100 billion? Apple has worked hard for 31 years, Amazon has worked hard for 20 years, and bitcoin has only been used for less than 10 years. At the beginning of this year, the price of bitcoin was less than $1000, which means that in 10 months, bitcoin has increased by more than 550%
although bitcoin is not favored by regulators and financial giants, it is still a digital currency with great investment potential in the eyes of ordinary investors. Bitcoin is still able to rise against the market in the context of government regulation and the cold eye of financial institutions. Ordinary investors' enthusiasm for digital currency investment has reached an unprecedented height< Secondly, bitcoin has a good growing soil in Iran
in recent decades, the United States has adopted a series of economic sanctions against Iran, from banning trade and investment in Iran to imposing sanctions on Iran's energy sector, which are fatal. Among them, the financial sanctions against Iran by the United States can be described as a model of all sanctions. The United States takes advantage of the hegemony of the US dollar in the world, Iran is prohibited from providing services to its own banks and all foreign banks that use US dollars to trade. We should know that 70% of the world's trade is carried out in US dollars
in the repeated sanctions, Iran has found a life-saving straw bitcoin. If it deals with other countries to avoid the US dollar, it can perfectly resolve the US dollar sanctions through the virtual currency bitcoin. Therefore, btxcapital, the first real-time bitcoin exchange, was established in Iran two years ago. With more than 50 million Internet users in Iran, btxcapital has great potential to become the next major bitcoin market in the world in the next few years
Iran's use of RMB instead of US dollar will have a certain impact on its own US dollar, but it will not retrogress, because now the US dollar is still recognized as a circulating currency in the world, and the RMB is still untenable. It's just a big rection in the flow of dollars in Iran
Kazakhstan will not follow the example of Iran, Venezuela, Turkey and other countries to give up the use of U.S. dollar settlement. Although we also need to use local currency settlement, especially within the Eurasian Economic Union, it is incorrect to refuse to use U.S. dollar
In 1792, the United States passed the coinage act, and the Federal Reserve of the United States officially began to issue US dollars. Until 1913, the outbreak of the first World War, the United States, as a neutral country, began to sell weapons to the allies and allies, which used gold to buy war materials
Iran's use of RMB also promotes the development of RMB. This time, RMB may be on the international stage
closed at the weekend. On August 30, 2014, the trading price was about 254.5 yuan, gold jewelry was about 301 yuan, gold investment was 263.5 yuan, and the recovery price was 248.6 yuan, while the recovery price of pawnbrokers was only below 215 yuan, Disdain some people who help tyranny
2. Iran's instability is relative. This year is an election year. The election has threatened the stability of Iran's domestic society, but it has stopped after a short period of time, because Iran seems to be facing more serious international pressure than domestic struggle. There are frequent calls from the people for opening up. Occasionally, there are intensified calls. In most cases, life is mainly stable
3. Iran's economy does have problems, but it's not that it can't support military spending. The purpose of Iran's missile development, whether it is self-protection or provocation, is less affected by the financial crisis than other countries in the world, because Iran's financial system is relatively closed and has not integrated into the world financial system
4. Iran's current economic situation is facing challenges. Since the beginning of this year, inflation is relatively serious, and the growth of national income is not obvious. Due to its domestic religious and political system problems, corruption may also affect the growth of national strength to a certain extent. The fall of oil price reces the income, and relying on oil makes the overall economic income growth limited.