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Dedollarization: How Iran challenges US dollar dominance and the petrodollar system

Geopolitical Economy Report

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Iran's Push for Dedollarization

This chapter explores Iran's strategic efforts to diminish U.S. dollar dominance by promoting local currencies in trade with nations in the global south. It highlights Iran's collaboration with BRICS countries and its increasing trade engagements with China, particularly in oil transactions, as a response to U.S. sanctions.

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