3 ms·
Russia and China have announced that they’re now settling 50 % of their trades in Yuan. Iran and China continue to trade under the table. And now Iran also auth
by thewarrior 5y ago
Russia and China have announced that they’re now settling 50 % of their trades in Yuan. Iran and China continue to trade under the table. And now Iran also authorizes crypto.
The over use of sanctions by the United States is beginning to backfire and will massively weaken the dollars dominance in the next 10 years.
- amir734jj 5y agoThat's an interesting angle to the story I didn't think about. I'm an Iranian and Iranian rial has been extremely devalued in the last ten years. Sanctions have been effective at destroying the economy but failed to pause nuclear program. Iranian government didn't spend the $100B relief well and it's trying to get another relief or lift the sanctions altogether. I am not optimistic if cryptocurrency can help their economy in the long term. What is apparently helping their economy is taking foreign/dual-citizens citizens as hostage to advance their stance in sanction relief talks.
- indemnity 5y agoOk.