Iran vows dollar phase-out, domestic self-sufficiency to overcome US economic siege - thecradle.co

Iran vows dollar phase-out, domestic self-sufficiency to overcome US economic siege - thecradle.co

Source: thecradle.co

DW NOTE

Iran announced its dollar exit in 2018, again in 2020, and now in 2026. Each time it trades more oil in yuan and rupees, it discovers those currencies don't buy German machine tools or Japanese semiconductors — they buy what Beijing and Delhi decide to sell, at the price they set. That's not sovereignty, it's exchanging one dependency for several smaller ones with worse terms.

Read the full story at thecradle.co →