Exchange rate of RMB against Iranian rial 568601
Exchange rate of Iranian rial against RMB: 0.0002
Since the dollar and oil were forcibly tied together to form a "petrodollar" commodity currency combination in the 1970s, almost all oil countries have to act according to the face of the dollar. Once you are a little disobedient, you will face sanctions and restrictions from the US dollar, and then lose the channels for normal oil trade and commodity trading with the world. The dollar has been creating unfair and unreasonable currency phenomena. Among them, since 20 18, the restrictions of the US dollar on the oil country Iran are very obvious. However, the research team of BWC Chinese website Baijia has noticed that some recent developments show that Iran has broken through the dollar limit and continues to do so.
On March 9th, Reuters quoted Luft analysts as saying that tankers filled with Iranian oil usually turn off their transponders during loading to avoid detection, and can only be tracked near ports in Oman, United Arab Emirates and Iraq. It is reported that most financial transactions are conducted in RMB or Euro to bypass the dollar limit. In other words, Iran's oil exports have not stopped because of the dollar restrictions.
According to the data of Luft Petroleum Research Company, in the past 65,438+04 months, Iran delivered about 654,380,780 tons of oil to major Asian markets. This year 1 and February's turnover reached a record high. According to the latest news mentioned above, in addition to trading Iranian oil in RMB, Reuters also mentioned Euro. According to the analysis, Iranian oil not only broke through the dollar limit, but also was shipped to China and some European countries. The core logic behind this is that many European countries are also cooperating with Iran to dollarize. This is undoubtedly a surprise for the dollar.
A new development is that according to the news released by Iran-Switzerland Joint Chamber of Commerce recently quoted by Iranian media PressTV, according to the SHTA trade mechanism, the first transaction between Switzerland and Iran shows that the cooperation between Iran and Swiss enterprises bypasses the US dollar. Iraqi media also said that four Iranian banks are currently negotiating with Germany, France, Britain, Russia, Switzerland, Austria and other countries on the use of encrypted digital currency in trade settlement and financial transactions.
As early as a year ago, more than a dozen European countries, represented by Germany, joined the INSTEX mechanism to help the Iranian economy conduct normal trade settlement. The European Central Bank said that the digital currency Plan supporting the circumvention of SWIFT is expected to make a breakthrough in a few months. Obviously, the US dollar's plan to restrict Iran's oil exports and try to cut off Iran's currency and commodity transactions with the outside world has failed. The sovereign cryptocurrency solution in the form of blockchain technology will undoubtedly make the dollar more troublesome.
It is worth noting that the Central Bank of Iran has established a blockchain currency laboratory to develop national cryptocurrencies supported by local currencies. It is reported that the head of the Iranian export guarantee agency said two weeks ago that at present, the funds managed by the agency have replaced the banking system, and by issuing guarantees, they have managed to clear the obstacles faced by Iran's engineering and technical service departments. At present, Iran has issued more than 1 000 cryptocurrency mining licenses, which can promote the use of cryptocurrency to import goods in trade including oil.