TEHRAN Iranian Foreign Minister Mohammad Javad Zarif says much of Americas undue economic influence will be taken away if countries stop using the US dollar in their international transactions.
Americas power rests on the dollar; a great part of Americas economic power will go away if countries eliminate the dollar from their economic systems, Foreign Minister Zarif said at an event dubbed “My Mission” at a high school in Tehran on Sunday.
US President Donald Trump has been attempting to exert economic pressure on Iran ever since he withdrew from a multilateral deal with the country. While Iran has been internationally verified to uphold its obligations, it has undergone the US pressures mainly because America has forced its trade partners who use the US dollar to stop or cut back on their own trade with Iran.
But the Islamic Republic is not the only country to face such pressure. Russia and China have been subjected either to US sanctions or unfair trade practices.
On Friday, President Vladimir Putin of Russia and President Xi Jinping of China voiced unanimous concern about inequalities in the global economic system, a reference to the US dominion. President Putin specifically called for the elimination of the US dollar from international trade.
China, which faces a trade war by the Trump administration, has saidthat the US practices constitute economic terrorism a term earlier used by Foreign Minister Zarif of Iran to refer to the US sanctions pressure on the Islamic Republic.
US pressure out of desperation
In his Sunday’s remarks, Zarif reiterated that labeling and said the US was trying to pile up pressure on Iran out of desperation.
On the sidelines of the event, and speaking to reporters, Zarif said that Trump had, by his own admission, declared that the US was launching an economic war on Iran. This, he said, amounts to economic terrorism on the part of Washington.
It amounts, by definition, to economic terrorism because the United States is putting pressure in terms of what its president calls warfare on normal ordinary Iranians in order to change the policies of their government, Zarif said.