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Sanctions prelude to extinction of dollar

8 August 2010 10:01

Iran’s President Mahmoud Ahmadinejad insists that the anti-Iran sanctions will serve as a stepping stone to eradicate the domination of the US dollar in world markets.

Ahmadinejad said the countries that followed the US campaign for anti-Iran sanctions have deprived themselves of the opportunity to participate in Iranian economic projects, IRNA reported on Sunday.

Addressing a ceremony marking the international week of mosques, the Iranian president stressed that Iran would use Western sanctions to move towards developing the country’s domestic manufacturing and globalizing Iranian-made products.

Ahmadinejad said the US-led sanctions was a form of a psychological warfare intended to force the Iranian nation into compromise, adding, “This nation will never compromise when it comes to its independence, integrity, principles and justice-seeking.”

“If sanctions were to have any impact on Iran, it would not be during the tenure of [US President Barack] Obama.”

Ahmadinejad went on to say that the only impact sanctions will have on the Iranian economy is that “they will help its flourishing.”

The president said by adopting anti-Iran measures, the West has further discredited itself.

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