Iranian President Hassan Rouhani proposed to produce a crypto currency that could be used by Muslim countries as an alternative to the US dollar. Speaking at the summit held in Malaysia today, Rouhani stressed that Muslim countries and governments should find solutions to save themselves from the US dollar and the American financial regime.
Joint Crypto Currency Statement from Muslim Countries
In fact, the USA has been imposing economic, commercial, scientific and military sanctions on Iran since 1979, and these have become very severe in recent years. At the summit, Mr. Rouhani said that the US increased sanctions ”in order to maintain the hegemony and to continue the bullying ve and that this should stop.
Turkey, Qatar and speaking at the summit, which also countries like Malaysia Malaysian Prime Minister Mahathir bin Mohamad, conditions that impede economic development when the US dollar is used underlined can be formed and announced instead that they can use their own money currency or a common currency.
President of Turkey Recep Tayyip Erdogan said in a statement on the issue that Muslim countries should work on Islamic financing and a working group stressed that it is important to determine the details of the formation. Erdogan said that a year ago, he and Russia talked about the idea of electronic money.
Last month, BRICS, which was formed by Russia, Brazil, India, China and South Africa, proposed the creation of a crypto currency for joint payments. Russian Direct Investment Fund CEO Kirill Dmitriev said in a statement on the issue that the US dollar fell from a share of 92 percent in exports, to 50 percent, he said.
