Iran to completely drop dollar from foreign exchange
http://www.presstv.ir/detail.aspx?id=108867§ionid=351020102
Sat, 17 Oct 2009 01:31:04 GMT
Iran's Trade Promotion Organization has announced a near future plan to completely exclude the US dollar from the country's foreign revenues and reserves.
Iran has recently asked Japan to replace the US dollar with the yen in oil deals it has with the Islamic Republic, Mehr News quoted the organization as saying on Friday.
Since October 2007, Iran has received 85 percent of its oil revenues in currencies other than the US dollar and Tehran is determined to find a substitute for the US dollar for the rest of its 15 percent of oil revenues, the report added.
Iran suggests other currencies such as the euro and the United Arab Emirates' dirham to replace the US dollar for oil revenues.
The constant declining value of the dollar and persisting economic crisis in the US has forced many countries to drop the currency in favor of a more stable and valuable one.
Saudi Arabia, South Korea, China, Venezuela, Sudan and Russia have taken steps to replace the US dollar in their foreign exchange reserves.
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"First they ignore you, then they laugh at you, then they attack you, then you win!"
GANDHI
"First they ignore you, then they laugh at you, then they attack you, then you win!"
GANDHI
Can you blame them?
House passes 414-6 sanction bill HR 1327 against Iran!
Posted October 15th, 2009 by SteveMT
The MSM is out to lunch on this bill, which was found posted in the CHINA DAILY! The bill is now off to the Senate for approval.
Here is what is known about this bill. Sponsor: Barney Frank
Here is the roll call vote link:
More info:
http://www.dailypaul.com/node/110909
Another reason the war drums are beating!
They want to punish Iran for dropping the dollar!
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"I think we are living in a world of lies: lies that don't even know they are lies, because they are the children and grandchildren of lies." ~ Chris Floyd
"I think we are living in a world of lies: lies that don't even know they are lies, because they are the children and grandchildren of lies." ~ Chris Floyd