Iran develops digital currency
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 addition, Iran has also taken other measures, such as officially taking RMB as one of its foreign exchange currencies, replacing the US dollar. Moreover, Iran will also cooperate with relevant enterprises of China under the RMB exchange rate and the implementation of Iran's digital currency, including increasing cooperation in non energy aspects such as technical services, urban planning and infrastructure, investment and tourism, which will not only crowd out the existence of US dollars in Iranian business, It will also increase the breadth and depth of RMB digital financial assets in the global economy, and also play an important role in the transformation of the international settlement system< br />
in addition, Iran has officially changed its official currency Yar into Turkmen, although the change of Iran's official currency has some negative effects. The change of official currency will cost US $160 million, but Iran can save us $11.5 million in money printing cost every year. Experts said that this move is undoubtedly effective for Iran's economy to leave oil revenue, and it is also a strong counterattack against a series of economic sanctions imposed by the United States< br />
and Iran will follow Venezuela's example to deal with the economic sanctions of the United States and implement crypto sovereign digital currency like petrocurrency. Iran, in the Ministry of instry, mining and trade, implements a calculation method for densified stopes. This not only increased Iran's exports of steel and copper, but also led to an increase in its agricultural and petrochemical procts. The increase of Iran's export of these resources has greatly made up for the loss of oil export and made a good transformation of Iran's hard currency resources. What's more surprising is that although the stock markets of many countries around the world are in a period of substantial adjustment, Iran's stock market has risen to an all-time high e to the effective monetary reform, with the main index rising to nearly 1 million points (Iran's tedpix index rising to 978019.48 points). Moreover, the difficulties faced by Iran's engineering and technology department in digital cryptocurrency have been further solved, Speed up Iran's circumvention of sanctions on its sale of oil and non crude procts to the United States. Although Iran did not disclose the details, it can be seen from the threat from the United States to step up sanctions against Iran and Venezuela that Iran has indeed made great achievements in bypassing the U.S. bank clearing system and avoiding U.S. economic sanctions.
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
This is a very correct signal, because avoiding US dollar settlement can shake us dollar's position as a financial currency
there was a saying that after World War II, the Bretton Woods system established a dollar based monetary system
if most countries in the world have established a monetary system, then the hegemony of the US dollar will no longer exist. However, the hegemony of the US dollar still exists now. It is just that it is exposed to many challenges. If it is challenged in other places, it may put the US dollar in a disadvantageous situation. In fact, the dollar he wants to control the world is just a dream. The world should be controlled by people all over the world
I believe that the United States has been bruised under the challenge of the epidemic. It is actually possible for major economies to carry out some reforms, so that they can get rid of the control of the US dollar. After settling in RMB, I believe that the US dollar will soon be challenged. In fact, when a country is born, it may be a superpower, but if it wants to challenge the world, it may be retaliated by the world. The United States will one day taste its own bitter fruit. If it wants to control the world, it will surely come to its end
There is no doubt that Iran has development potential
Iran, with a population of 80 million (close to the total population of Germany), an economy of nearly 400 billion US dollars and the world's fourth largest crude oil reserves, has returned to the global economic system
Iran's communication sanctions by the United States, as well as Iran's own domestic oil prices rose sharply, caused dissatisfaction in Iran. To put Iran in its current predicament
the U.S. sanctions on Iran's communications are e to the rise of oil prices in Iran, which makes people in Iran dissatisfied with this move. They will take videos and send them to the Internet. The US imposed communication sanctions on Iran just to prevent videos from being sent to the Internet . Under the influence of communication sanctions, Iran's inflation has also made Iran lose a lot of economy. If Iran has its own independent communication equipment, it will not be controlled by the United States. If Iran wants to get out of this dilemma, it can only study higher-end communication equipment, or wait for the end of the US communication sanctions