Arab Today, arab today if us drops iran deal dollar could suffer
Last Updated : GMT 06:37:29
Arab Today, arab today
Arab Today, arab today

Secretary of State John Kerry:

If US drops Iran deal, dollar could suffer

Arab Today, arab today

Arab Today, arab today If US drops Iran deal, dollar could suffer

Secretary of State John Kerry
New York - Arab Today

If the United States cancels the Iran nuclear deal, as some members of Congress urge, the blow to its credibility may be such as to hasten the end of the dollar's reign as the world's reserve currency, Secretary of State John Kerry warned Tuesday.

Kerry said in New York that if the United States is not able to uphold its end of the deal to rein in Iran's nuclear program in exchange for sanctions relief, this could revive an attack on the dollar's status "which is already bubbling out there."
And he warned that such a diplomatic turnaround would alienate even America's traditional allies, not only "with respect to the sanctions, but we will lose their support if we have to use military action."

Kerry was the principal US negotiator of the accord, signed last month in Vienna, that dramatically curtails Tehran's nuclear program in exchange for a gradual and conditional lifting of international sanctions.

The deal has been publicly and vocally opposed by many members of the US Congress as well as by Israel, and has raised concerns among US allies in the Gulf.

Kerry's comments continue a month-long public defense of the deal by members of President Barack Obama's administration.

But it is the first time he has tied the fate of the US dollar to the deal.

"I mean, the complications that will grow out of that are enormous and there will be an increase in this notion that there ought to be a different reserve currency because the United States is misbehaving, and not in fact, you know, living by the agreements that it negotiates itself," he said.

"So it has broad implications," he said, speaking at a forum organized by the Reuters news agency, promising that more details on this threat would be released by the US Treasury.

The US opponents of the deal have a slim but unlikely chance of being able to block the deal in Congress.

Congress will vote in September on a resolution to stop the president suspending sanctions against Iran.

Obama has said he would veto that resolution. A two-thirds majority in both chambers of Congress -- which, for now, appears unlikely -- would be required to overturn that veto.
Source: AFP

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today if us drops iran deal dollar could suffer Arab Today, arab today if us drops iran deal dollar could suffer

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today if us drops iran deal dollar could suffer Arab Today, arab today if us drops iran deal dollar could suffer

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: حوارات وتقارير
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday