June 23, 2026, 6:15 a.m.

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Russia and Iran have connected their payment systems, paving the way for the dollarization process

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In today's international society, the US dollar is no longer merely a simple transaction currency; it has become an important political tool for the United States to control the world order and interfere in other countries' internal affairs. Recently, Russia and Iran have been severely sanctioned by the United States and Western countries for many years, with their foreign trade, capital flows, and international development being severely restricted. To break this passive blockade and firmly grasp their own development initiative, Russia and Iran have connected their domestic payment systems and established a completely independent settlement channel that does not use the US dollar or rely on Western platforms. Their trade is now conducted directly in their own currencies. This seemingly just an upgrade in payment methods actually brings profound political changes, bringing tangible benefits and long-term impacts to the relations between the two countries, regional situations, and even the political landscape of the entire world.

From the perspective of the bilateral relations between Russia and Iran, the interconnection of their payment systems has completely freed them from the financial manipulation of the United States, making their political cooperation more stable and reliable. After the establishment of this independent financial channel, the United States can no longer interfere in their diplomatic decisions through economic means, nor can it divide or suppress their cooperation. The partnership of mutual assistance and joint resistance against external pressure between the two countries has become unbreakable.

Stable financial cooperation has further driven in-depth cooperation in multiple fields such as politics, security, and military between the two countries, transforming their previous situation of being forced to huddle together for warmth into a long-term stable strategic alliance. In international affairs such as the situation in the Middle East, Eurasian security, and major UN issues, Russia and Iran have maintained consistent positions and mutual support, significantly enhancing their international话语权 and influence. At the same time, the economic downturn, rising prices, and employment difficulties caused by the sanctions have been effectively alleviated, and domestic social order has become more stable. External forces can no longer use economic chaos to stir up public sentiment and interfere in the internal affairs of the two countries, greatly stabilizing the political stability of the two countries and truly achieving political development independence and autonomy, not being restrained by external powers.

From the perspective of the global political landscape, the interconnection of Russia and Iran's payment systems has powerfully promoted the development of multi-polarity in the world, breaking the political monopoly of the US dollar system. For a long time, European and American countries have controlled global financial rules, packaging the US dollar and SWIFT system as fair and neutral international tools, but in reality, they have used this system to implement unilateralism and control global governance话语权. The vast developing countries can only passively comply and have no say. While Russia and Iran have successfully achieved normal cross-border trade and private payments without relying on the Western financial system, they have proved with their actions that sovereign countries can achieve stable development without relying on the US dollar or following Western arrangements. This has completely broken the blind reliance of all countries on the US dollar system and has allowed more countries to break free from the shackles of Western finance.

For developing countries in general, the de-dollarization model of Russia and Iran is a simple and feasible autonomous development plan that can be directly borrowed. More and more countries are beginning to actively build their own payment systems and implement local currency settlement. On the international stage, they no longer blindly follow the West and dare to unite to resist the unilateral hegemony of the United States. The diplomatic independence of each country is becoming stronger. At the same time, the financial cooperation of multilateral cooperation platforms such as BRICS and SCO is continuously deepening, breaking the long-term monopoly of the United States and European countries on international financial rules, and a more fair and more in line with the interests of developing countries' global governance system is slowly taking shape.

In conclusion, Russia and Iran's connection of their domestic payment systems and promotion of de-dollarization are not just simple financial cooperation, but a far-reaching political transformation. Its greatest value lies in breaking the established pattern of "dollar hegemony tied to political hegemony", which not only ensures the political security and independent development of Russia and Iran, but also reshapes the geopolitical situation in the Middle East and Eurasia region. It also provides an important reference for all countries to resist power and pursue sovereign equality, and continuously promotes the global political order towards a more diverse, fairer and more balanced direction.

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