A top official of (Indian) city-based UCO Bank said while
payments for his country's oil imports would initially be in rupees, it would
be then converted into a separate currency, which was yet to be decided by the
apex bank.
January 8, 2011
Iran and Russia have replaced the US Dollar with their own
currencies in their trade ties, a senior Iranian diplomat announced on
Saturday.
Speaking to FNA, Tehran's Ambassador to Moscow Seyed Reza
Sajjadi said that the proposal for replacing the US Dollar with Ruble and Rial
was raised by Russian President Dmitry Medvedev in a meeting with his Iranian
counterpart Mahmoud Ahmadinejad in Astana on the sidelines of the Shanghai
Cooperation Organization (SCO) meeting.
"Since then, we have acted on this basis and a part of our
interactions is done in Ruble now," Sajjadi stated, adding that many
Iranian traders are using Ruble for their trade deals.
"There is a similar interest in the Russian side," the
envoy stated, adding that that Moscow is against unilateral sanctions on Iran
outside the UN Security Council, specially the recent sanctions against Iran's
Central Bank (CBI).
"The move (imposing sanction on the CBI) is unacceptable.
Russians have clearly announced that they will not accept these sanctions and
Iran's nuclear issue is resolvable just through negotiations."
Iranian President Mahmoud Ahmadinejad hit back at the US after
Washington introduced new sanctions against Iran's central bank.
President Ahmadinejad told an annual meeting of senior central
bank officials that Iran's central bank would respond with "force" to
the new US sanctions intended to pressure Tehran to abandon its nuclear
program. He said the bank was strong enough to defeat "enemy
plans".
The sanctions ~ which cut off from the US financial system
foreign firms that do business with the central bank ~ are part of a defense
bill signed by President Barack Obama earlier this month
The extra US sanctions aim to squeeze Iran's oil sales, most of
which are processed by the central bank, although many even in the West believe
that the move would prove futile.
During the last two years, Iran has been replacing the dollar
with other currencies in its trade with the outside world.
Iran has replaced the dollar in its oil trade with India, China
and Japan.
Late in November, the Reserve Bank of India (RBI) issued the
needed permission to the Central Bank of Iran to open rupee accounts with two
Indian banks, namely UCO and IDBI, as a long-lasting solution to the two
countries' payment problems.
Both accounts were opened in the respective banks' Mumbai
branches. A top official of city-based UCO Bank said while payments for
his country's oil imports would initially be in rupees, it would be then
converted into a separate currency, which was yet to be decided by the apex
bank.
This is part of the manipulation to spark WWIII between Russia and the USA/NATO...and I think this is the year. We have seen a steady ramp up of negative stories on Russia in the last few months which will only increase leading up to the March elections in Russia. Speaking of that...western "intelligence" agencies (the same ones who produced and directed "the Arab Spring") are now inside Russia trying to gin up a "Russian Spring" and Putin knows what is up.
ReplyDeleteThen we have stuff like this which IS the logical move for Russia and Iran to make BUT it also adds fuel to the growing geopolitical fire. I think ALL sides are being "influenced" and / or "advised" by "Jews" perhaps without even realising it.
You are, as ever, totally bang on Perry. All these thoughts and more ran through my head as I posted this piece.
ReplyDeleteOnce the banks become so very very directly involved, you know the fans are being turned on and the pots being filled with feces.
And of course it is the only course Iran can take. Sanctions must by bypassed if the country is to survive but you know the banking cartel will not take that minor consideration seriously.
I still think it just too rich that Hitlery was telling RUSSIA how to run "fair" elections considering the high level of fraud in America come election time!