Thursday, November 3, 2011

The More Credible, Edible Euro

September 22, 2009 - Earlier, the Islamic Republic of Iran had announced that the euro would replace the greenback in the country’s oil transactions. Iran has called on other OPEC members to ditch the sinking dollar in favor of the more credible euro.

August 10, 2010 - "We are going to remove dollar and euro from our foreign currency basket and replace them with (Iranian) rial and all other currencies of the countries which accept to cooperate with us," leading economic daily Doniye e-Ektesad quoted First Vice President Mohammad Reza Rahimi as saying.
"These currencies are filthy and we will no longer sell our oil in dollar and euro," Rahimi told a meeting of education officials.

What's next???? Trading in ancient Yap Rai's???

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