RT: Europe to ditch US dollar in payments for Iranian oil

RT: Europe to ditch US dollar in payments for Iranian oil – source

Europe may have taken a step that the USA will not like:

Europe to ditch US dollar in payments for Iranian oil – source

16 May 2018

The European Union is planning to switch payments to the euro for its oil purchases from Iran, eliminating US dollar transactions, a diplomatic source told RIA Novosti.

Brussels has been at odds with Washington over the US withdrawal from the Iran nuclear deal, which was reached during the administration of Barack Obama. President Donald Trump has pledged to re-impose sanctions against the Islamic Republic.

“I’m privy to the information that the EU is going to shift from dollar to euro to pay for crude from Iran,” the source told the agency. https://www.rt.com/business/426856-europe-to-ditch-us-dollar/

While I have not seen official confirmation of this, I will state that Iran has been interested in getting Euros instead of US dollars for oil, so this report is consistent with that.

Last month, Turkey’s President Recep Erdogan told the International Monetary Fund to stop using US dollars for loan repayments (see Turkey repatriates gold and denounces US dollar dominance).

The month before, China introduced what some call the “petro-yuan” in an attempt to get the world to use more of its currency and less of that of the USA (see China’s ‘petro-yuan’ successfully introduced; Why is Russia accumulating gold?).

Last Fall, Russia’s Prime Minister Medvedev made public statements related to eliminating US dollar dominance in international trade (http://www.reuters.com/article/us-china-politics-russia-currency/russias-medvedev-says-the-world-shouldnt-be-dominated-by-one-currency-idUSKBN1D13J0).

Russia and China are publicly working towards the elimination of US dollar dominance (see ‘Petro-Yuan Is The Newest Weapon For The China-Russia-Iran Anti-USD Alliance’).

Part of the intent of the Euro was to become the world’s dominant reserve currency. And while it is not ready for that yet, the Europeans still expect that to happen.

The eroding of the US dollar’s status in international trade is one of the ‘unintended consequences’ of various USA sanctions.

Some items of possibly related interest may include:

The End of US Dollar Dominance Is the USA losing its economic status? What about the petro-gold-yuan? A related video is also available: US Dollar being challenged by Gold-Petro-Yuan.
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Europa, the Beast, and Revelation Where did Europe get its name? What might Europe have to do with the Book of Revelation? What about “the Beast”? Is an emerging European power “the daughter of Babylon”? What is ahead for Europe? Here is a link to a video titled: Can You Prove that the Beast to Come is European?
European Technology and the Beast of Revelation Will the coming European Beast power would use and develop technology that will result in the taking over of the USA and its Anglo-Saxon allies? Is this possible? What does the Bible teach? Here is a related YouTube video: Military When Will the Great Tribulation Begin? 2018, 2019, or 2020? Can the Great Tribulation begin today? What happens before the Great Tribulation in the “beginning of sorrows”? What happens in the Great Tribulation and the Day of the Lord? Is this the time of the Gentiles? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord? Who are the 144,000? Here is a version of the article in the Spanish language: ¿Puede comenzar la Gran Tribulación en 2018 o 2019? ¿Es el Tiempo de los Gentiles? You can also see the English language sermon videos: The Great Tribulation from the Mount of Olives and Can the Great Tribulation begin before 2020? A shorter video is: Can the Great Tribulation begin in 2018?
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The Plain Truth About Gold in Prophecy. How Should a Christian View Gold? What do economists and the Bible teach about gold? Gold and silver may drop in value. Inflation/deflation? What do Christians need to know about gold?
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