Tag: dollar

U.S. Secretary of State John Kerry (L) meets with Iran's Foreign Minister Mohammad Javad Zarif in Manhattan, New York City, U.S., April 22, 2016. REUTERS/BRENDAN MCDERMID

John Kerry Discusses More Sanctions Relief with Iran’s Foreign Minister

U.S. Secretary of State John Kerry met with Iranian Foreign Minister Mohammad Javad Zarif at the United Nations in New York on Friday to discuss more sanctions relief for Iran, which has complained the benefits promised in President Obama’s nuclear deal are arriving too slowly.

Iran flag

Obama May Allow Foreign Governments to Use Dollars for Business with Iran

The Obama administration is reportedly considering more concessions to Iran, possibly including the Treasury Department issuing a license that would “permit offshore financial institutions to access dollars for foreign currency trades in support of legitimate business with Iran, a practice that is currently illegal,” as the Associated Press describes it.

Nicolas Maduro

Cuban-Style Economic Apartheid Hits Venezuela as ‘Dollar-Only’ Trade Grows

The rapid and steady decline of Venezuela’s national currency, the Bolívar, is forcing a growing number of businesses to do trade only in American dollars, freezing out Venezuelan citizens from buying cars, renting apartments, or boarding flights offered by businesses that refuse their currency even when they can muster an equivalent amount of retail prices in Bolívars.