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Rouhani proposed an Islamic financial payment with Muslim countries trading in local currency and the creation of a Muslim cryptocurrency to reduce dependence on the US dollar and withstand the effects of market fluctuations.
He reiterated his claim that the US used economic sanctions as “the main tools of the dominant hegemony and intimidation” of other countries.
Iran has been embroiled in fierce protests from last month amid anger over a sharp increase in gas prices after the imposition of US sanctions after last year Washington abandoned Iran’s nuclear deal in 2015 with world powers. There has been a wave of arrests in Iran, and Amnesty International, a human rights organization, said at least 304 people were killed in anti-government protests.
According to Rouhani, the United States sought to harm Iran with “the toughest sanctions,” but the country's economy is recovering and moving away from dependence on oil.