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

Gerald · 08-10-10, 12:31 PM

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

Platapus · 08-10-10, 02:31 PM

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.

Skybird · 08-10-10, 03:07 PM

Quote:

Originally Posted by Platapus

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.

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.

Gerald · 08-10-10, 03:15 PM

is more like a public spectacle!

Betonov · 08-10-10, 03:38 PM

Ahhhh, the swimming against the current syndrome

Zachstar · 08-10-10, 08:29 PM

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

Platapus · 08-10-10, 09:04 PM

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

TLAM Strike · 08-10-10, 09:14 PM

Quote:

Originally Posted by Platapus

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

Like in North Korean Wons!

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

Castout · 08-11-10, 01:19 AM

Quote:

Originally Posted by Platapus

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

No Like petrol hungry China

08-10-10, 12:31 PM	#1
Gerald SUBSIM Newsman Join Date: May 2008 Location: Close to sea Posts: 24,254 Downloads: 553 Uploads: 0	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 __________________ Nothing in life is to be feard,it is only to be understood. Marie Curie

08-10-10, 02:31 PM	#2
Platapus Fleet Admiral Join Date: Oct 2006 Posts: 19,373 Downloads: 63 Uploads: 0	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. __________________ abusus non tollit usum - A right should NOT be withheld from people on the basis that some tend to abuse that right.

08-10-10, 03:15 PM	#4
Gerald SUBSIM Newsman Join Date: May 2008 Location: Close to sea Posts: 24,254 Downloads: 553 Uploads: 0	They have nothing to gain from this, is more like a public spectacle! __________________ Nothing in life is to be feard,it is only to be understood. Marie Curie

08-10-10, 08:29 PM	#6
Zachstar Sea Lord Join Date: Feb 2005 Location: Shreveport, Louisiana Posts: 1,956 Downloads: 13 Uploads: 0	So they wish to devalue their meager remaining exports even more. Go right ahead Iran. Watch the value of your export plummet. __________________

08-10-10, 09:04 PM	#7
Platapus Fleet Admiral Join Date: Oct 2006 Posts: 19,373 Downloads: 63 Uploads: 0	There will be plenty of countries willing to buy Iranian oil and in currencies other than the dollar too. __________________ abusus non tollit usum - A right should NOT be withheld from people on the basis that some tend to abuse that right.

08-10-10, 03:38 PM	#5
Betonov Navy Seal Join Date: May 2009 Location: Slovenia Posts: 8,647 Downloads: 26 Uploads: 0	Ahhhh, the swimming against the current syndrome