A worldwide movement gaining momentum and the transition towards the multipolar world has put an end to the dominance of the US dollar, says a US-based activist.
Richard Becker, an anti-war activist from the Answer Coalition based in San Francisco, told Press TV in an interview on Monday that the US government is “very worried” about the dollar losing its dominance.
“The [US] government is very worried about this… there is a rising movement in the world along with the multipolarity that is emerging and has emerged, in fact, I think the movement has put an end to this kind of domination,” Becker remarked.
His remarks came after US Treasury Secretary Janet Yellen admitted that Washington’s imposition of unilateral sanctions on countries around the world could weaken the dominance of the US dollar.
“There is a risk when we use financial sanctions that are linked to the role of the (US) dollar that over time it could undermine the hegemony of the (US) dollar,” Yellen told CNN in an interview on Sunday.
Becker said the "sanctions policy and the use of sanctions so widely as the US is doing, facilitated by the dollar being the world currency, has caused great destruction and immense human suffering, especially in smaller and weaker countries that are subject to sanctions.”
He added that dollar dominance has allowed Washington to continue to wreak havoc and cause suffering in many countries around the world.
According to Becker, China, Russia, Iran, Brazil, and many other countries abandoning the use of the US dollar and agreeing to settle their trade in Yuan or other currencies would hopefully mean the end of the long reign of the dollar.
“I really do hope so because the domination of the 9US) dollar has been so destructive to a long list of countries,” he added.....more below
Russian Foreign Ministry spokeswoman Maria Zakharova earlier said that the treaty provides for various forms of bilateral cooperation.
The comprehensive strategic partnership agreement between Russia and Iran has entered into force, Iranian Ambassador to Russia Kazem Jalali told Sputnik.
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He recalled that the treaty was ratified by both chambers of the Russian parliament, and Russian President Vladimir Putin signed it. At the same time, the document was ratified by the Iranian parliament, approved by the Guardian Council, and the president issued it as a law.
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The dramatic display of international solidarity saw dozens of high-ranking officials from across the globe convene inside the stately palace on Tuesday, determined to hold the regime accountable for, what they unequivocally called, a “war of genocide.”
The two-day emergency summit, organized under the auspices of The Hague Group -- a coalition co-chaired by Colombia and South Africa -- had representatives, ranging from such countries as Algeria and Brazil to Pakistan and Spain, in attendance.
The participants described the drive as a coordinated effort to stop the Israeli atrocities.
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