Author Topic: Iran to sell oil in Euros? (Read 685 times)

Matthew · « **on:** March 19, 2007, 11:19:12 AM »

http://www.presstv.ir/detail.aspx?id...onid=351020103
This is Gold Positve, dollar negative and War boosting.

Iran says to sell oil in 'every currency'
Fri, 16 Mar 2007 12:04:56
Iran's Oil Minister Kazem Vaziri Hamaneh has said that the Islamic Republic will sell its oil in all currencies.

"Our oil sales will be in every currency," Dow Jones reported Hamaneh as saying on the sidelines of an OPEC meeting in Vienna on Thursday.

Iran has already said it will carry out all its oil-industry related equipment purchases in euros instead of dollars and previously said it has informed its oil buyers that they should pay Iran in euros for the crude oil they purchase.

"We need oil currencies," Vaziri said.

Earlier on Wednesday, the media reported that Iran has started talks with a Japanese refiner to receive the payments in euro or yens instead of U.S. Dollars.

Matthew · « **Reply #1 on:** March 19, 2007, 11:20:13 AM »

The value of the dollar today is ONLY because countries need to buy OIL with the US Dollar. Any threats to that system must be taken out (by the US powers that be) otherwise the dollar is in for a meltdown...

Matthew

Matthew · « **Reply #2 on:** March 19, 2007, 11:22:52 AM »

The dollar isn't feeling too well ALREADY...

Look at this chart:

CampeadorShin · « **Reply #3 on:** March 19, 2007, 03:38:05 PM »

Maybe two more years...