2012年6月26日星期二

Financial sanctions: U.S. $ privilege

Strangling of the United States on Iran's oil trade is gradually intensified. The new sanctions program began on June 28, trying to Qiamie Iran's average annual income of $ 95 billion of crude oil trade, and a freeze on its funds into the nuclear program. The operation of the program reveals the manipulation of the dollar is how to strengthen the control of. China can make response for this control is limited. In order to inhibit the flow of crude oil funds, the U.S. needs to punish those countries trading with Iran. A blocking their own market in these countries. 12% of the total global trade in the United States and do not pay a good country trade by cutting will damage their own export end. Manipulation of the dollar is a more powerful accurate weapons, more than 35 percent of international trade relies on the dollar in circulation and some of which do not involve U.S. companies. Iran exist dollars this weakness. Most of its crude oil, 11-year daily average of 250 million barrels were sold to foreigners in exchange for the dollar. Previous sanctions Iranian private bank removed from the crude oil trade, by the Iranian Central Bank sales. Iran's central bank dollar received to maintain the fixed exchange rate of the Islamic Republic. Sanctions Act promulgated by the United States in December aimed at the substantial decrease in those who can not prove that Iran's central bank crude oil trade. Promote these and the Central Bank of Iran Trade the U.S. banking system will be shut out. This will enable them to offer U.S. dollar accounts and pay in U.S. dollars, because this kind of financial activities are dependent on the Bank of America go-between. In view of the importance of the U.S. dollar, the customer will go somewhere else. Kicked out from the banking network in mind the lender is easy to complete. Indeed, a major international payment systems - Global Interbank Financial Telecommunication system or for Worldwide Interbank Financial Telecommunication - in the United States, under pressure from the exclusion of 40 Iranian banks. Dealings with the Central Bank of Iran, from June 28, non-Iranian banks are also likely to suffer the same fate. The new bill shortly after the passage of Japan and the EU countries to cut trade with Iran. Earlier this month, seven other countries including India, to reduce imports of Iranian oil. These countries are now from the sanctions were pardoned. As a result, according to the International Energy report, Iran's exports has dropped to a daily average of 1.5 million barrels. Other countries have proved to be difficult to influence. China is 20 percent of Iran's largest oil consumer, accounting for sales. Fair loss reduction. Therefore, instead of reducing imports, China to take advantage of loopholes. U.S. sanctions case in particular, the Iranian central bank, so the number of transactions through the money in the Bay Area exchange reflux. FDD of a think-tank Mark the Dubowitz, some countries are also things for things, Iran's oil exchange wheel load of gold. China has also set up the account of "exchange" to Iran accounting for the receipt of crude oil in exchange for Chinese goods. This oil barter system difficult to stop. Through the tracking display monitor large tankers must carry in order to prevent collisions, accurate data on crude oil trading was recorded. However, according to the International Energy Agency report, Iran's fleet to disregard safety rules and shut down their display, which will allow the vessel to secretly parked ports and oil transshipment at sea. Even if it can testify against the illegal transportation of the United States may choose to continue to ignore. Sanctions case is used to prevent Iran from he needs to maintain its fixed exchange rate of the hard currency held in other areas. Against China will be the U.S. losses. 12 trillion of foreign investor holdings of U.S. Treasuries, China has 13 percent. To removed from the U.S. financial system for the debt of his own isolation a major customer.

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