dollar

China Urges the World to Undermine U.S. Sanctions

China’s state-run Global Times on Friday applauded the launch of a European system to evade U.S. sanctions on Iran, pleased by the damage it could inflict upon U.S. sanctions against China, Venezuela, North Korea, and other countries.

Xi Jinping

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.

Iran flag

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.

Nicolas Maduro