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JUST IN: 🇮🇷🇷🇺 Iran and Russia have officially completed the integration of their national payment systems.
Russia’s Mir payment system was officially connected to Iran’s Shetab at a ceremony in Tehran today.
The first phase of the integration will allow holders of Shetab… pic.twitter.com/jL3n6b8ORW
— BRICS News (@BRICSinfo) November 11, 2024
All of these small moves by the non-Western countries are starting to stack up.
You can easily see the dollar falling as the world currency over a period of decades, just on this current trajectory.
Unfortunately for homo*****uals and Jews, that trajectory is likely to get a lot steeper if and when the US empire starts to expend itself militarily.
The dollar system and the war machine are fundamentally linked and one cannot exist without the other.
RT:
Moscow and Tehran have officially finalized the pairing of their national payment systems, which will allow travelers from the two countries to use their domestic debit cards for purchases in either Iran or Russia, media in Iran are reporting.
Addressing a formal ceremony in Tehran on Monday, Central Bank of Iran (CBI) Governor Mohammad-Reza Farzin described the connection of Russia’s Mir and Iran’s Shetab payment systems as a major step towards economic cooperation and de-dollarization, as well as facilitating economic and tourism relations between the two countries.
“The project … started with the aim of creating integration in the payment networks and facilitating financial transactions between the citizens of the two countries,” the CBI chief stated, as quoted by the Tehran Times, noting also that the process will consist of three phases.
…
Farzin had earlier told reporters that the agreement to connect the two countries’ domestic payment systems was finalized during a meeting with his Russian counterpart Elvira Nabiullina on the sidelines of the Financial Congress of the Bank of Russia in St. Petersburg in July.
Standardizing payment systems is a big step in allowing these countries to bypass the dollar, though it is the underlying financial mechanisms that matter the most. This is a more complicated process that will require China and Russia to work together to establish a new currency backed by gold.
China has already started dumping US treasuries and buying gold, so that is on the way as well.
Even if the US does not burn out in a war, this current situation is unsustainable.
Russia and Iran deepened financial ties today by linking Russia’s MIR network to Iran’s banking system, enabling Iranian cards at Russian ATMs.
Their next announced steps are: Russians gain access to Iran’s banking system, and Iranian cards will be accepted in Russian stores. pic.twitter.com/gHq2MZjzYR
— Sina Toossi (@SinaToossi) November 11, 2024
