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Sheikh Qassem: Our supporters make up more than half of Lebanon's population, and all of these people are united under the banner of protecting Lebanon, its Resistance, its people, and its integrity.
Sheikh Qassem: There will be no phased handing in of our arms. [The Israelis] must first enact the agreement before we start talking about a defensive strategy.
Sheikh Qassem: Be brave in the face of foreign pressures, and we will be by your side in this stance.
Sheikh Qassem: Stripping us of our arms is like stripping us of our very soul, and this will prompt us to show them our might.
Sheikh Qassem: We will not abandon our arms, for they gave us dignity; we will not abandon our arms, for they protect us against our enemy.
Sheikh Qassem: The US efforts we are seeing are aimed at sabotaging Lebanon and constitute a call for sedition.
Sheikh Qassem: If you truly want to establish sovereignty and work for Lebanon’s interests, then stop the aggression.
Sheikh Qassem: The United States, which is meddling in Lebanon, is not trustworthy but rather poses a danger to it.
Sheikh Qassem: The United States is preventing the weapons that protect the homeland.
Sheikh Qassem: The government’s latest decision [on the disarmament of the Resistance] is non-charter-based, and if the government continues down this path, it is not faithful to Lebanon’s sovereignty.

Iran official: China, Russia dump of US dollar is 'very good progress'

  • By Al Mayadeen English
  • Source: Agencies
  • 12 Oct 2022 17:58
  • 8 Shares
2 Min Read

China and Russia's dump of the dollar may represent a victory in the face of US financial hegemony.

  • x
  • Adviser to Iran's Supreme Leader in international affairs, Ali Akbar Velayati
    Adviser to Iran's Supreme Leader in international affairs, Ali Akbar Velayati

The adviser to Iran's Supreme Leader in international affairs, Ali Akbar Velayati, told Russian sources on Wednesday that Russia and China's trade with currencies other than the US dollar represents "very good progress" in the face of Washington's hegemony of the IMF.

"China and Russia, being the two main members of the BRICS, which also includes India, South Africa, and Brazil, are carrying out many transactions with each other without the use of foreign currency [US dollar]. The fact that they are not tied to the dollar, which depends on the will of the US, is very good progress," Velayati said.  

Since the end of WWII, the US has dominated much of the global economy, holding most of the gold and serving as the world’s creditor.

But recently, economists and financial analysts started to notice that the US dollar has been losing its status as the leading global reserve currency.

Prospects of the de-dollarization of the global economy are argued to be unlikely due to the fact that many consider abiding by the sanctions unfairly imposed on Russia too costly.

Related News

Dollar slips amid inflation fears, Trump-Putin ceasefire talks

Chinese yuan undervaluation under fire from global think tanks

This may also be accounted for OPEC's most recent decision to cut oil output by two million barrels a day. 

US officials have recently reached out to their counterparts in Saudi Arabia and other Gulf producers with an appeal to delay the decision. However, the answer was nothing else than a resounding "no". 

Earlier today, US President Joe Biden threatened Saudi Arabia with "consequences" due to Gulf countries' resistance to Washington's pressure.

In June, Russian President Vladimir Putin told the BRICS Business Forum that Moscow was working on the development of "alternative international transfer mechanisms" with BRICS partners and an "international reserve currency" to reduce dependence on the dollar and euro.

The CEO of the financial services firm Sovereign Wealth Management, Gary Korolev, believes that it may take years for the alternative monetary system to come to fruition. But the final outcome is likely to be an equilibrium between the western dollar system and the BRICS currency basket.

Read more: US-KSA standoff: Riyadh defies Washington prior to OPEC production cut

  • Iran
  • Dollar
  • US dollar
  • Russia
  • China
  • Currencies

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