Turkey and Iran also want US dollar knocked down as world’s reserve currency

We continue to see more reports by various nations to dethrone the US dollar as the world’s primary reserve and trading currency (the first two articles were machine-translated from German into English, with the original German shown below the translations):

3 November 2017

Beijing’s plans to buy Saudi oil against Yuan, and Riad’s plans to partially privatize Aramco state-owned corporation, could be dangerous to the petrodollar. Because Saudi Arabia is in a bind – and will probably decide for China.

Pekings Pläne, Saudi-Öl gegen Yuan zu kaufen und Riads Vorhaben, die staatliche Ölgesellschaft Aramco teilweise zu privatisieren, könnte dem Petrodollar gefährlich werden. Denn Saudi-Arabien sitzt in der Zwickmühle – und wird sich wohl für China entscheiden. https://www.contra-magazin.com/2017/11/petro-yuan-china-spielt-die-saudis-gegen-die-usa-aus/

Turkey plans to expand its trade with Russia, Iran and China in national currency, Turkish Minister of Economy Nihat Zeybekçi told Turkish news agency Anadolu.

According to him, the dollar and the euro are now considered as reserve currencies. Only 15 percent of Turkey’s foreign trade operations would be charged in national currency, the minister added.
“It is necessary to turn the national currency into a reserve currency. Covering 1.5% of the 4% deficit in foreign trade operations by national currency will eliminate the need for foreign funding. Turning to the single market can also eliminate the negative impact of exchange rate fluctuations, “said Zeybekçi.

Die Türkei plant, den Handel mit Russland, dem Iran und China in nationaler Währung auszubauen, wie der türkische Wirtschaftsminister Nihat Zeybekçi gegenüber der türkischen Nachrichtenagentur Anadolu sagte.

Ihm zufolge gelten heutzutage vorwiegend der Dollar und der Euro als Reservewährungen. Nur 15 Prozent der Außenhandelsoperationen der Türkei würden in der nationalen Währung verrechnet, fügte der Minister hinzu.

„Es ist notwendig, die nationale Währung in eine Reservewährung zu verwandeln. Wenn 1,5 Prozent vom 4-Prozent-Defizit bei Außenhandelsoperationen durch nationale Währung gedeckt werden, wird die Notwendigkeit einer Finanzierung aus dem Ausland entfallen. Bei der Hinwendung zum Binnenmarkt kann auch der negative Einfluss der Wechselkursschwankungen beseitigt werden“, so Zeybekçi. https://de.sputniknews.com/wirtschaft/20171102318143900-nationalwaehrung-dollar-euro-handel/

Ayatollah Ali Khamenei branded the US an enemy and urged Moscow to completely sever ties with the US currency.

Mr Khamenei said: “By ignoring the negative propaganda of the enemies, that seek to weaken relations between countries, we can nullify US sanctions, using methods such as eliminating the dollar and replacing it with national currencies in transactions between two or more parties; thus, isolate the Americans.”

Mr Putin met Iranian political leaders in an effort to nurture a warming relationship strengthened since Donald Trump recently threatened to abandon the international nuclear deal with Iran reached in 2015. …

An official said: “Both Russia and Iran are under American pressure… Tehran has no other choice but to rely on Moscow to ease the US pressure.” http://www.express.co.uk/news/world/874772/Iran-supreme-leader-Ayatollah-Ali-Khamenei-asks-Vladimir-Putin-isolate-US-ditch-dollar

So, Saudi Arabia may have to accept Chinese yuan, Turkey wants a way around the US dollar for its international trade, and Iran wants Russia to help it eliminate the US dollar for international trade.

Earlier this week, Russia’s Prime Minister Medvedev met with China’s Premier Li Keqiang and made statements calling for the elimination of US dollar dominance in international trade (see Russia and China meet to dethrone US dollar dominance).

A dominant world reserve currency loses its position if enough nations do not want it to be.

Historically, world reserve currencies have come and gone–remember that the British pound held that role for over a century.

The end of US dollar dominance is coming.

There will be a new world order coming and it will not be one dominated by the Anglo-Americans.

If you think that the USA will continue to be number 1 and claim to believe the Bible, please consider biblical prophecies such as Daniel 11:39; Habakkuk 2:6-8; Isaiah 10:5-11 (see also USA in Prophecy: The Strongest Fortresses and/or watch Do these 7 prophesies point to the end of the USA?).

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