Russia, Iran Proceed With Bilateral Trade, Drop Dollar; Russian Warships Park In Syria; Iran Accelerates Nuclear Enrichment
For anyone wondering how the abandonment of the dollar reserve status would look like we have a Hollow Men reference: not with a bang, but a whimper... Or in this case a whole series of bilateral agreements that quietly seeks to remove the US currency as an intermediate. Such as these: "World's Second (China) And Third Largest (Japan) Economies To Bypass Dollar, Engage In Direct Currency Trade", "China, Russia Drop Dollar In Bilateral Trade", "China And Iran To Bypass Dollar, Plan Oil Barter System", "India and Japan sign new $15bn currency swap agreement", and now this: "Iran, Russia Replace Dollar With Rial, Ruble in Trade, Fars Says." And ironically, the proposal to dump the greenback did not come from Iran. Per Bloomberg: "Iran and Russia replaced the U.S. dollar with their national currencies in bilateral trade, Iran’s state-run Fars news agency reported, citing Seyed Reza Sajjadi, the Iranian ambassador in Moscow. The proposal to switch to the ruble and the rialwas raised by Russian President Dmitry Medvedev at a meeting with his Iranian counterpart, Mahmoud Ahmadinejad, in Astana, Kazakhstan, of the Shanghai Cooperation Organization, the ambassador said." Is Iran gradually becoming the poster child of an energy rich country that just says no to the dollar: "Iran has replaced the dollar in its oil trade with India, China and Japan, Fars reported." Next thing you know China, Russia and Japan will engage in bilateral trade agreements with the Eurozone in exchange for purchasing European or EFSF (which at last check arenow forced to give 30% guaranatees) bonds, and bypassing dollars completely. But yes, aside from everyone else, virtually everyone (footnote 1) is still using the dollar as currency of global exchange.
And just to make sure that the message is heard loud and clear, Russia just docked several warships in Syria, the same countrythe US told all American citizens to leavetwo months ago. From China Daily:
Not the entire piece , but you get the gist - as for who is bluffing , it doesn't appear to be Iran or Russia. And if the Us or Israel may be bluffing , let's hope the bluff isn't called or events don't get put in motion ahead of any preconceived schedule the Us or Israel may have .Russian warships patrolling the eastern Mediterranean Sea have docked at Russia's naval supply facility in the Syrian port of Tartus, the private Addounia TV reported Saturday.
Governor of Tartus Imad Naddaf received the ships' leaders and expressed appreciation to Russia's support for Syria, the report said.Russia's state-owned Itar-Tass news agency quoted a source from the Russian Navy as saying that "It is planned that the port of Tartus will be visited by a big anti-submarine ship of the Northern Fleet 'Admiral Chabanenko' and an escort ship 'Yaroslav Mudry'.""Our ships are supposed to stay in Syria for several days," the source said, without giving more details about the warships' mission in the country.
The move is considered by many observers as an apparent show of Russia's support for Syrian President Bashar al-Assad whose country has been gripped by a nearly 10-month bloody unrest.
The Russian Navy, however, claimed the move was part of scheduled exercises and had no connection with the situation in Syria.
The warships, led by "Admiral Kuznetsov," the country's only aircraft carrier, have started their patrol missions in the Northeast Atlantic and the Mediterranean Sea on December 6 to "ensure the security of the sea navigation and other Russian maritime economic activities," according to the Russian Navy.
No comments:
Post a Comment