U.S. Seeks to Thwart Iran Flying Millions in Cash Out of Germany

Foreign ministers including Iranian Foreign Minister Javad Zarif and German Foreign Minister Heiko Maas take part in a Comprehensive Plan of Action ministerial meeting on the Iran nuclear deal

Foreign ministers including Iranian Foreign Minister Javad Zarif and German Foreign Minister Heiko Maas take part in a Comprehensive Plan of Action ministerial meeting on the Iran nuclear deal / Getty Images

 

Iran in need of cash after President Trump reimposed sanctions

Top Trump administration officials are working to stop Germany from allowing Iran to fly more than $350 million in cash out of the country and back to Tehran as part of a bid by the Iranian regime to restock its coffers ahead of a major financial crackdown by America, according to conversations with senior U.S. diplomats and officials on Capital Hill.

The Trump administration is already working to stop the German government from allowing this transfer following weekend reports that Iran is poised to fly around 300 million Euros out of the country as part of an ongoing scheme to skirt tough new U.S. economic sanctions, which were put back into effect after President Donald Trump decided to abandon the landmark nuclear deal. Continue reading

De-Dollarization Continues: China, Iran To Eliminate Greenback From Bilateral Trade

 

The more Washington lashes out in anger at those who will not bow to the unipolar world order, the more the rest of the world fights back. As the launch of its Yuan/Gold-settled oil futures loomsChina is escalating its de-dollarization scheme further by seeking a bilateral rial-yuan agreement with Iran.

As a reminder, nothing lasts forever… Continue reading

Iran, Russia May Agree to Trade in Local Currencies ‘Very Soon’

Dethroning of the petrodollar continues:

 

Tehran and Moscow may reach an official agreement on carrying out transactions in national currencies “very soon,” Hossein Yaghoubi Miab, the director general of the international affairs department of Iran’s Central Bank, told Sputnik.

ST PETERSBURG (Sputnik) – Russia has recently started to actively promote financial agreements with Iranian and Chinese bankers in a bid to shift bilateral trading to national currencies to reduce their dependence on the US dollar. Continue reading

Report: Obama Seeks Meeting With Iranian President

President Barack Obama has sent two letters to senior Iranian leaders in recent months requesting a meeting with Iranian President Hassan Rouhani, according to Persian language reports recently translated by a Middle East research organization.

“President Obama asked to meet with Iranian President Hassan Rouhani in two secret letters sent in late March to both Iranian Supreme Leader Ali Khamenei and President Rouhani,” according to the Middle East Media Research Institute, or MEMRI, which translated a Farsi-language report published Tuesday by a website affiliated with Iran’s Green movement. Continue reading

Exclusive: Iran wants euro payment for new and outstanding oil sales – source

 

 

Iran wants to recover tens of billions of dollars it is owed by India and other buyers of its oil in euros and is billing new crude sales in euros, too, looking to reduce its dependence on the U.S. dollar following last month’s sanctions relief.

A source at state-owned National Iranian Oil Co (NIOC) told Reuters that Iran will charge in euros for its recently signed oil contracts with firms including French oil and gas major Total, Spanish refiner Cepsa and Litasco, the trading arm of Russia’s Lukoil. Continue reading

Iran Planning to Abolish Cash, Introduce Electronic Payment Systems

Iran is planning to give up cash and replace it with an electronic means of payment. The project is to be tested for the first time in a free trade zone in the south of the country.

Iranian Central Bank President Walliollah Sejf told Tasnim news agency on Monday that the plan should be tested first on the island of Kish in southern Iran. Continue reading

Iran takes possession of 13 ton hoard of gold

Iran took possession of a 13-ton hoard of gold — worth nearly $500 million — held up by sanctions after working out a deal on the sidelines of nuclear talks in Vienna, the country’s central bank chief told Iranian media.

“A sum of 13 tons of gold that had been purchased before and was deposited in South Africa in the past two years and could not be transferred to Iran due to the sanctions … was delivered to the Central Bank of Iran’s treasury last night,” Valiollah Seif, who heads the Central Bank of Iran, said Wednesday, according to the Iranian state-owned Fars News. Continue reading

Iran, Turkey working on plan to use national currencies in trade — report

The agreement will ease the implementation of the preferential trade deal signed between Iran and Turkey last year

TEHRAN, January 25. /TASS/. Tehran and Ankara are “working on a plan” to use their national currencies in bilateral trade exchanges, the Fars news agency reported on Sunday citing Iran’s Ambassador to Turkey Alireza Bigdeli. Continue reading

Iran Joins Growing List of Countries to Ditch Dollar in Foreign Trade

MOSCOW, January 24 (Sputnik) – Iran no longer uses the US dollar in foreign trade transactions, replacing it with other currencies, the deputy governor at Iranian Central Bank told the Tasnim News Agency Saturday. Continue reading

Israel delivers ultimatum to Barack Obama on Iran’s nuclear plans

Two years ago, Barack Obama reportedly left Benjamin Netanyahu to kick his heels in a White House anteroom, a snub delivered to show the president’s irritation over Israel’s settlement policy in the West Bank. In May, the Israeli prime minister struck back, publicly scolding his purse-lipped host for the borders he proposed of a future Palestinian state.

When the two men meet in Washington on Monday, Mr Obama will find his guest once more at his most combative. But this time, perhaps as never before, it is the Israeli who has the upper hand.

Exuding confidence, Mr Netanyahu effectively brings with him an ultimatum, demanding that unless the president makes a firm pledge to use US military force to prevent Iran acquiring a nuclear bomb, Israel may well take matters into its own hands within months.

The threat is not an idle one. According to sources close to the Israeli security establishment, military planners have concluded that never before has the timing for a unilateral military strike against Iran’s nuclear facilities been so auspicious.

Full article: Israel delivers ultimatum to Barack Obama on Iran’s nuclear plans (The Telegraph)

India to pay gold instead of dollars for Iranian oil. Oil and gold markets stunned

As pointed out previously, countries are moving away from the dollar being used as a means of trading for oil and this is but an extension. Look for this trend to continue increasing as Iran becomes more hostile and other countries become more weary of US debt.

India is the first buyer of Iranian oil to agree to pay for its purchases in gold instead of the US dollar, DEBKAfile’s intelligence and Iranian sources report exclusively.  Those sources expect China to follow suit. India and China take about one million barrels per day, or 40 percent of Iran’s total exports of 2.5 million bpd. Both are superpowers in terms of gold assets.

By trading in gold, New Delhi and Beijing enable Tehran to bypass the upcoming freeze on its central bank’s assets and the oil embargo which the European Union’s foreign ministers agreed to impose Monday, Jan. 23. The EU currently buys around 20 percent of Iran’s oil exports.

The vast sums involved in these transactions are expected, furthermore, to boost the price of gold and depress the value of the dollar on world markets.

Continue reading article: India to pay gold instead of dollars for Iranian oil. Oil and gold markets stunned (DEBKAfile)

European Union agrees on Iran oil embargo

European Union nations have agreed on an oil embargo against Iran as part of sanctions over its nuclear programme.

Diplomats in Brussels said the EU foreign ministers would officially adopt the measures later Monday that were hashed out by the 27 ambassadors.

The measures include an immediate embargo on new contracts for crude oil and petroleum products while existing ones are allowed to run until July.

“I am confident that the EU will give a resolute answer today to Iran’s refusal to fulfill its international obligations on the nuclear programme,” German Foreign Minister Guido Westerwelle said ahead of the official adoption by the foreign ministers.

Foreign Secretary William Hague urged Iran to “come to its senses” and resume negotiations on its nuclear programme after Britain, America and France sent six warships through the highly sensitive waters of the Strait of Hormuz.

Continue reading article: European Union agrees on Iran oil embargo (Telegraph)