The purpose of this research is to investigate the effect of sanctions on Iran's commercial exchanges and the effect of dollarization on reducing the effect of sanctions. Dependence on the dollar has created many problems such as the devaluation of the national currency More
The purpose of this research is to investigate the effect of sanctions on Iran's commercial exchanges and the effect of dollarization on reducing the effect of sanctions. Dependence on the dollar has created many problems such as the devaluation of the national currency and inflationary shocks, and for this reason, dollarization is a policy to increase the power of central banks, especially for countries like Iran that suffer sanctions. ASEAN is the latest union to approve its de-dollarization measures at the beginning of 2023. The current study aims to investigate Iran-ASEAN trade exchanges and the feasibility of using the dollarization decision to improve Iran's trade exchanges. Therefore, these questions have been raised, what effect have the sanctions had on Iran-ASEAN exchanges? And how will ASEAN's dollarization decision affect Iran-ASEAN exchanges? The research hypothesizes that the embargo has a strong impact on Iran-ASEAN exchanges and dollarization will provide a suitable basis for increasing exchanges. To investigate the current situation, using the time series technique, the period from 2000 to 2020 was investigated and it was determined that the exchanges between Iran and ASEAN were severely affected by the sanctions of 2018 so exports decreased four times in terms of value. Choosing an alternative currency to the dollar and using SWIFT alternative systems will prepare the ground for improving Iran-ASEAN trade exchanges.
Manuscript profile
The purpose of this study is to investigate the effect of sanctions on Iranian trade exchanges and the effect of de-dollarization on reducing the effect of sanctions. Dependence on the dollar has created several problems such as the devaluation of the national currency More
The purpose of this study is to investigate the effect of sanctions on Iranian trade exchanges and the effect of de-dollarization on reducing the effect of sanctions. Dependence on the dollar has created several problems such as the devaluation of the national currency and inflationary shocks, and therefore de-dollarization is a policy to increase the power of central banks, especially for countries such as Iran that are under sanctions. ASEAN is the latest union to adopt its de-dollarization measures at the beginning of 2023. The present study seeks to investigate Iran-ASEAN trade and feasibility of using de-dollarization decision to improve Iran's trade exchange. Accordingly, questions have been raised about the impact of sanctions on Iran-ASEAN exchanges? And how ASEAN's de-dollarization decision will affect Iran-ASEAN exchanges. The hypothesis of the research is that sanctions will have a severe impact on Iran-ASEAN exchanges and de-dollarization will provide a suitable ground for increasing trades. To examine the current situation using the time series technique from 2000 to 2020, it was determined that Iran-ASEAN exchanges were severely affected by the 2018 sanctions so that exports have fallen sharply in value. The choice of the dollar alternative currency and the use of alternative SWIFT systems will provide the basis for improving Iran-ASEAN trade exchanges.
Manuscript profile
