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Malaysia: Rouhani calls on Islamic world to end 'US dollar domination'03:19

Malaysia: Rouhani calls on Islamic world to end 'US dollar domination'

Malaysia, Kuala Lumpur
December 19, 2019 at 12:54 GMT +00:00 · Published

Iranian President Hassan Rouhani called on the Islamic world to set itself "free from the domination of America's financial system and the US dollar," while delivering a speech at the Kuala Lumpur Summit 2019 in the Malaysian capital on Thursday.

"The reality is that Islamic countries, economically speaking, are capable of completing each other and can create a specific mechanism for bank and financial cooperation between each other," Rouhani said.

"The interconnectedness of international economic, commercial and financial systems with the American economic regime and dollarisation of national and global economies have provided the US with the possibility of advancing its hegemony under the threat of sanctions and economic terrorism," Rouhani continued.

The Kuala Lumpur Summit 2019 brings together world leaders to address issues facing Muslim countries.

Malaysia: Rouhani calls on Islamic world to end 'US dollar domination'03:19
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Description

Iranian President Hassan Rouhani called on the Islamic world to set itself "free from the domination of America's financial system and the US dollar," while delivering a speech at the Kuala Lumpur Summit 2019 in the Malaysian capital on Thursday.

"The reality is that Islamic countries, economically speaking, are capable of completing each other and can create a specific mechanism for bank and financial cooperation between each other," Rouhani said.

"The interconnectedness of international economic, commercial and financial systems with the American economic regime and dollarisation of national and global economies have provided the US with the possibility of advancing its hegemony under the threat of sanctions and economic terrorism," Rouhani continued.

The Kuala Lumpur Summit 2019 brings together world leaders to address issues facing Muslim countries.

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