Iran No Longer Accepting Dollars for Oil; Demanding Euros Instead

death-of-the-petrodollarBy Brandon Turbeville

Even with a number of U.S. sanctions against Iran coming to an end, the Iranian government has recently made a very important decision in regards to its oil payment system and it could spell bad news for the United States. This is because Iran has apparently decided to no longer accept U.S. dollars for payment on both its new and outstanding oil sales. Instead it will receive its payment in euros.

Reuters has cited an official from the National Iranian Oil Company (NIOC) as stating that the new plan will apply to “newly signed deals” with France’s Total, Russia’s Lukoil, and Spain’s Cepsa.

Reuters quotes the official as saying that “In our invoices we mention a clause that buyers of our oil will have to pay in euros, considering the exchange rate versus the dollar around the time of delivery.”

In addition, Iran is also informing its trading partners, including India, that owe billions of dollars that it now prefers to be paid in euros instead of dollars.

“Iran shifted to the euro and cancelled trade in dollars because of political reasons,” the official source said, pointing out that this policy was concocted during the time of the sanctions.

Hossein Yaqoubi-Miab, the director for international affairs department of the Central Bank of Iran (CBI), has stated that plans have already been made to receive the euro payments from India which total about $6.5 billion.

Reuters also mentioned that India is currently working on a system that would involve the United Commercial Bank (UCO) and the IDBI Bank handling the payments to Iran.

The new Iranian policy of receiving payments in euros as opposed to dollars is one that is likely to upset the United States who has maintained relative dominance as the world reserve currency for decades, a position that has gradually begun to erode as free trade and global empire have caught up with the dwindling superpower.

Thus, the Iranian currency policy will be yet one more blow to the dollar as the world reserve currency and might possibly be a catalyst for further antagonism toward Iran on the part of the United States.

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Brandon Turbeville – article archive here – is the author of seven books, Codex Alimentarius — The End of Health Freedom, 7 Real Conspiracies, Five Sense Solutions and Dispatches From a Dissident, volume 1 and volume 2, The Road to Damascus: The Anglo-American Assault on Syria, and The Difference it Makes: 36 Reasons Why Hillary Clinton Should Never Be President. Turbeville has published over 650 articles dealing on a wide variety of subjects including health, economics, government corruption, and civil liberties. Brandon Turbeville’s radio show Truth on The Tracks can be found every Monday night 9 pm EST at UCYTV. His website is He is available for radio and TV interviews. Please contact activistpost (at)

  • sallyM

    The sooner the existing unhumane system crumbles the sooner a thousand years of peace will commence.

    The bible says no usury and the U.S. constitution says no taxes.

  • M E

    Expect rogue mishaps a happening in Iran.

  • bosunj

    In your face DUHmerica.

  • harry freeloaderII

    That’ll piss off the psychos in Washington. LOL!!!

  • Joan Camara

    If this is true, expect something big to happen. I, myself, have a hard time thinking this could actually be true. I’ll have to go see if someone more reputable is reporting this.

    • YarpWar

      Joan, Turbeville gave us sources in the article itself. Maybe you didn’t actually read the article? From article: (1) “Reuters quotes the official as saying that “In our invoices we mention a clause that buyers of our oil will have to pay in euros, considering the exchange rate versus the dollar around the time of delivery.”; (2) “Hossein Yaqoubi-Miab, the director for international affairs department of the Central Bank of Iran (CBI)…”. I’d say Brandon reported this pretty straight from the horses mouth!

    • Brett

      Oh its happening, friend. Our reality is going to be very different before too much longer. Those who dont know or understand the NWO will suffer the most. I know my fate already and I will never submit to slavery. These people are cowards of the highest order. A cockroach has more going for it…

  • jo

    Dis you expect anything less?

  • Mick McNulty

    This must also be good news for India and others who trade with Iran because it starts distancing them from America as they seek less of its cash. When you don’t have to suck you can start to blow.

  • Freedom

    This award goes to Obama and Kelly!!

    • trustingonlyinhim

      Those 2 shmucks couldn’t do a thing without their master’s permission, specifically Mr. let it all burn Soros, ie the most evil creature on the planet.
      If Kerry ever had a rational thought in his entire life, it surely would have died of loneliness.
      As far as Bathhouse Barry, well let’s just say I would like to see him speak while Soros is drinking a glass of water.

  • MK

    There goes Iran. The CIA and Israel’s Mossad must now destroy Iran because no one messes with the Zionist bankster’s petro dollar! God’s judgement has fallen on the US, and we deserve everything we are about to get. We sat back, watched sports crap and texted our 300 Facebook friends while the fascists took over. Not a peep, not a whimper from the churches. Truly Christians in America are the Church of the Pathetic Apathetic! And I won’t pray, “God help us!” because I know He won’t and because we surely don’t deserve it. The world has filleted our backbone. America, brace for a God Almighty righteous bodyslam!

    • The Awakening


      Something good is going to happen. Look at it this way, eventually the full truth will be known to more and more people.

      • mhardin

        speaking of truth…How do we know our world is a globe…Scripture says it is not. it’s easy to ignore the Bible when we don’t agree with it…or have been taught lies all our life.

        • Brett

          I feel there is much in the Bible that has been changed by man. If something doesnt feel right on my spirit, I have to question it. There are just times that I feel that the Jesus I know is different from the one other people preach about. We all have the gift of discernment and need to practice more in our lives…

          • Joan Camara

            Revelation 22:18-19, If any man shall add unto these things, God shall add unto him the plagues that are written in this book: And if any man shall take away from the words of the book of this prophecy, God shall take away his part out of the book of life, and out of the holy city, and from the things which are written in this book.

        • mikey2046

          The Bible is not, and never was intended to be, a book about physical science. The many books of the Bible used language and images that the people of their time could understand and relate to. They are history, poetry, allegory, prophecy, and above all, examples of our relationship with God and each other – both how we have failed in the past and how to succeed in the future.

          God gave us curiosity and imagination to learn about His wondrous creation, and the Bible to learn about having a relationship with Him. Don’t confuse the two, and try to put them in opposition to each other. They treat entirely different subjects. It’s like saying the information contained in a calculus textbook is wrong because it doesn’t rhyme.

    • trustingonlyinhim

      Judgment must first begin at the house of God. 1 Peter 4:17
      But 2 Chron 7:14 still applies.

  • John Cook

    Well, Iran and Libya were destroyed (not just defeated, utterly destroyed) soon after making the same decision. We will see what happens next. The Eskimos Really hate Iran and they usually have their way.
    I think that in a third world war America will be defeated almost instantly. Aeges simply doesn’t work against the Russian Kibity (sp?) jamming system and without aeges their aircraft carriers will be sent to the bottom instantly. American hubris is terminal. Putin even gave a public demonstration of the impotence of the aegis system – if he wanted war he would have kept it secret.

    • The Awakening

      John Cook,

      RE: “Iran and Libya were destroyed (not just defeated, utterly destroyed)”

      Don’t you mean Iraq and Libya?

      • John Cook

        Oh crap, of course I did, thanks Dude for pointing it out. Just hope it’s not some sort of unconscious predictive programming – the Eskimos SO much want to do it to Iran that its survival this long is almost a sign of great hope that they are failing in their plans.

  • locutus_of_borg

    both the EU and dollar are in the hands of the same bankers. I do not see this being of benefit to anybody.

    • Dimitri Ledkovsky

      Right! The Iranians a pulling some kind of a head fake. Why aren’t they going right to a BRICS currency? Also the same bankers, I suppose.

      • mhardin

        I don’t think that Iran uses the same banks…the muslim faith does not allow usury!

  • spirittoo

    The cabal controls both currency so what difference will it make? I don’t get it? I can see the effect on the us but still the cabal is in control of the fiat currency.

  • Peter R Mare

    The Dollar value is just another bubble that will burst, same as the toxic criminal mortgages that were given a good rating and Goldman Sachs paid billions in fines and nobody goes to jail. Mother nature is destroying United States infrastructure at a faster rate then the decades of neglecting repairs have done. The election between Bernie and Donald will determine weather the value of dollar will continue to sink.

  • Rob Paydon

    Years ago in an interview an Obama official (David Haggman??) was asked about what they were going to do to revive the economy and he came right out and said we’re going to kill the dollar. I guess he was another from the Coward-Piven school off treason but I wonder if Iran dumping the dollar was what Iran had to do to get sanctions lifted because they weren’t asked for anything that we publicly know about, it looks like the most one sided deal in the history of deals.

    • Tazzydog

      Exactly Rob I was wondering if anyone would find that connection this is the start of Marshall law and the crash of the dollar as the world currency!! This was planned by the clinton, kerry, obama treason team of the rainbow house when they shoved this piece of crap deal down Israel’s throat!! Lock and Load people and I hope all are prepared spiritually to DIE!!!! Time for watching the Super Bowl is over!!!!!!

      • Brett

        Im with you, friend!

      • ARA5353

        That is Martial Law: all law enforcement and government taken over by the Military. Please use the right words or your post’s meaning will be compromised.

        • Tazzydog

          you are accurate, but the take over of all law enforcement agencies and the government has to occur after the crash of the dollar as the world currency!! The more pummeled the masses the easier they are to round up and stuff into FEMA-WalMart Camps! It works no other way!! So i still disagree with you!!

  • monacall

    who would have thought iran would turn on the United States of America, everyone but the legislators and obozo in Washington seen this coming…….GOOD now maybe the stock market will crash and everything will start to get back on a normal keel…after the revolution of course…..get ready people. banks will shut down, and your money will just disappear….BUT THE GOOD NEWS is obozo just handed congress his budget for his last year….4.8 trillion dollars….aint life great….

    • mhardin

      Don’t bet on our exalted leader going anywhere…He can always declare martial law and freeze all political change.

      • monacall

        yes I know this and you know this…but how many other people realize this….not many…

  • jmscrcrn

    So this is our reward for lifting sanctions, allowing their nukes, and sending them foreign aid. Our dealmaker president strikes again.

    • M E

      You still believe all that crap.

      Nuclear Bully on the block says you cant have what he’s got in fact da bully says if you reach for a weapon while he rapes snd buggers you…you dead

      That is the base of your argument and no its not acceptable.

      Sorry Anerikkka has to be wiped off the face of the world map for peace to reign on Earth

  • are_we_nuts

    Kerry’s “negotiations” are back firing. Wait, that was the objective !

  • Blogengeezer

    When news of Iran, added to Obama’s speech demanding another $4,100,000,000,000 to ‘tide us over’ [added to his previous bill of ‘Promises’ to Pay of $20,000,000,000,000 US printed fiat], Gold ‘spot’ went over $1,200 US, before profit takers drove it down… temporarily. Watch Gold. 75% of bullion [COMEX] has recently been delivered… this ride is going to get wild.

  • freewill2

    switching to the euro is why the US invaded Iraq, Hussein switched to the Euro,

    • Joan Camara

      That’s exactly what everyone said! Now, that Obummer has kissed up to Iran…what will happen? Nothing?

      • freewill2

        only time will tell, several countries have dropped the dollar now, and i have a hunch this is the plan, theres a 19 trillion dollar debt, the NAFTA highway is almost completed, and theres a Muslim in the white house, Iran is a huge country, they call it Persia

  • elgavilansegoviano

    …..The Muslim-In-Chief is jumping of Joy!!,…..another Victory for his Muslims brothers back in Iran!!,……Congress find your Balls, and Impeach the Muslim Traitor!!,….

  • Brett

    If Clinton gets in there will most certainly be continuous war! But, I think it will be same regardless of the president. No matter how nice the candidates appear they have been given a platform for a reason. Do you think the proponents of the NWO are going to let a president get in the way? Of course not. The level of deceit that exists within the ranks of politics is something that a regular person would not understand. Thats why most people are being led to the slaughter. They just cant believe that such evil does indeed, exist.

  • cocoon

    When Russia went against the petrodollar after Obama forced sanctions over Ukraine, there have been many defections from the petrodollar. Iran is the latest, after Obama/Kerry gave them the nuclear deal and freed up $150 billion.
    What is clear is Obama policies over last 7 years have destabilized the Middle East and caused Russia and China to strengthen their own currencies while US weakens its own. US historic allies have been forced to find others to assist them.
    Never has one US Administration caused such harm and weakened so many while harming itself for years to come.

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