Iran says to drop trade in 'filthy' dollar, euro
 

Story,
TEHRAN — Iran is to stop all trade and oil exports in dollars and euros in retaliation against Western sanctions over its nuclear programme, a top official was quoted as saying Tuesday."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.He did not say when that would go into effect, or how Iran was going to implement that decision as the second largest exporter in the Organisation of Petroleum Exporting Countries (OPEC), in an energy market dominated by the dollar.


http://www.google.com/hostednews/afp...rDwbx2KZPTMBtQ


Note: AFP 6 Hours ago

They gotta be careful about that. Look what happened to Saddam when he decided to move his petro business to the Euro... we suddenly found WMD that simply had to be taken care of before the final "Dollar out Euro in" decision was made.

http://energybulletin.net/node/12463
http://www.thirdworldtraveler.com/Ir...r_vs_euro.html


Thou shalt not trade oil in any currency other than the American dollar. :stare:

Yes, that was a diomension of the war many ignore or do nopt even know of. However, Iran is less a weak target than Saddam was. Saddam's teeth had been pulled out years before.

Iran also wants to kick the Euro as well.

They have nothing to gain from this,
 

is more like a public spectacle!

Ahhhh, the swimming against the current syndrome

So they wish to devalue their meager remaining exports even more. Go right ahead Iran. Watch the value of your export plummet.

There will be plenty of countries willing to buy Iranian oil and in currencies other than the dollar too.

Like in North Korean Wons! :haha:

Or as their real currency of the DPRK is known the 7.62x39mm... :03:

No Like petrol hungry China :DL