De-dollarization

SEYED MAHDI JAVADI: One of the points that the Supreme Leader of the Islamic Revolution of Iran, Ayatollah Khamenei, emphasizes in recent meetings and speeches is the issue of De-dollarization of the Iranian economy. His Nowruz speech at the Razavi Shrine and his recent meeting with Putin are among them. He also said in 2015: "If the authorities and the people can create a resistance economy in the true sense of the word, and free the country from the financial and monetary magic of the enemy and break the value of the dollar in economic life. have saved other countries as well and will become an example for them" words that after 8 years have not yet found a serious place in Iran's economic plans, but have reached the operational stage in countries like China and Russia.
The US dollar has dominated global trade and capital flows for decades. However, many countries are looking for alternatives to the US dollar to reduce their dependence on the US. In this article, it is pointed how that the functioning of the US sanction policies as a Self-destruct mechanism has accelerated the De-dollarization process and has led to the decline of the hegemony of the dollar