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.

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Note: AFP 6 Hours ago

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