Wednesday, April 30, 2008

Iran stops conducting oil transactions in US dollars

A top Oil Ministry official says Iran, OPEC's second-largest producer, has completely stopped conducting all its oil transactions in U.S. dollars.
Iran has dramatically reduced dependence on the dollar over the past year in the face of increasing U.S. pressure on its financial system and the fall in the value of the American currency.
Read More

No comments:


"In questions of power, then, let no more be heard of confidence in man, but bind him down from mischief by the chains of the Constitution." -- Thomas Jefferson