So... that was fun...

December 18, 2006

Iran strikes at the USD

Et Voila, it is now official, here and here!

Iran started replacing dollars with euros for all foreign transactions and is transforming the state's dollar-denominated assets held abroad into euros.
It seems that Iran is not the only country trying to be less dependant on the USD.

What will this move really mean is to be seen...


Posted in: _Economy , _Geopolitics

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