Andy
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02:57:13 am on April 8, 2008 | # |
Well it has been on the cards for some time now, and Iran seems determined to drop the US Dollar as currency of choice when trading oil. Not only does Iran want to drop the incumbent currency, but they are urging the other OPEC countries to follow suit and start their own bank. Right now there’s not enough support for such a move, but if the greenback continues on the slide downwards there may be more than purely subversive political motivation driving the move forward, it’ll just be business and the free market.
