Islamic Countries Challenge USD `Sanctioning Tool´ With Planned Common Cryptocurrency
(WorldNews Iran)

Muslim countries around the world are planning to push back against the U.S. dollar´s long global dominance by creating a common digital currency for use in Islamic states. The dollar has evolved into a `sanctioning tool,` charged Erol Yarar, chairman of the Muslim-focused business lobby group International Business Forum (IBF). It has lost its purpose as an international trading currency, he said. Also Read: Nvidia Misses Q3 Revenue Target as Cryptocurrency Slump Weighs on Business Breaking the Dollar’s Hegemony Speaking to Turkish news agency Anadolu on Nov. 16, Yarar said a single cryptocurrency for Muslim nations will be designed primarily to undermine and challenge America’s...