Bi-Quarterly Political Knowledge

Feasibility of applying the De-dollarization policy in international and regional organizations and its effectiveness on I.R.Iran’s sanctions reduction

Document Type : Science - Research (International Relation)

Authors

1 Assistant Professor of International Relation, Department of Political Science, Faculty of Law and Politics, Ferdowsi University of Mashhad, Mashhad, I.R.Iran .

2 Visiting Professor, Department of Political Science, Bojnord University, Bojnord, I.R.Iran.

10.30497/pkn.2024.245262.3105

Abstract

Using dollar as a tool to impose unilateral and international sanctions by the United States of America has caused some countries to adopt a de-dollarization policy in order to reduce their vulnerability. The present research has two goals: to investigate the existing trends of de-dollarization as an economic diplomacy in different parts of the world, and to assess the feasibility of the given above conditions for Iran's economic diplomacy in order to reduce the effect of sanctions. Therefore, article’s question is what the process of de-dollarization in international trade is. Moreover, with the beginning of the process of de-dollarization in the world politics, what possibility has it provided for Iran's economic diplomacy? This research has used the theoretical approach of nested regionalism and the techniques of trend and time series analysis as a research method in the three organizations of Shanghai, BRICS and ASEAN as a case study that applied de-dollarization as a tool of their economic diplomacy. The findings of the research indicate that simultaneously with the implementation of the de-dollarization policy by the above three organizations, the level of exchanges between the member countries of these organizations with Iran has stagnated since 2018 due to the unilateral sanctions of the United States of America and lack of attention to the use of this new policy. Therefore, using the de-dollarization policy as a tool in Iran's economic diplomacy will be able to disrupt the goals of sanctions while boosting Iran's international trade.

Keywords

Main Subjects

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Bi-Quarterly Political Knowledge
Volume 20, Issue 2 - Serial Number 40
ESSAY
September 2024
Pages 541-570
  • Receive Date: 08 October 2023
  • Revise Date: 23 July 2024
  • Accept Date: 23 July 2024