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Reload this Page New Iranian Oil Bourse - end for the dollar?

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Post imported post - 20-09-05, 11:59 AM

Iran is considering launching its own oil bourse with the oil sold in Euros rather than dollars as the EU is their main trading partner.

Apparently this will sink the dollar as countries will no longer need to keep their money in euros. Is this just fantasy or is there something to it?

http://www.aljazeera.com/cgi-bin/review/article_full_story.asp?service_ID=9752



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Post imported post - 20-09-05, 08:34 PM

I guess I would be moving to Europe if things get too bad here.


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