Iran switches from dollar to euro for official reporting currency

Discussion in 'Iran' started by Bleipriester, Apr 20, 2018.

  1. cnm
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    cnm Diamond Member

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    Jesus. As though debt won't increase while deficits decrease. You really are demonstrating your knowledge base.
     
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  2. andaronjim
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    andaronjim Gold Member

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    If the US didn't fucking protect the European Theater, then you Socialist mother fuckers wouldn't have as much money to spend on your welfare programs. Dumbfucks never thank US for our sacrifice, just like US welfare queens bitch and moan, but don't thank US either. When the money isn't there anymore, dollar tanks, you can get the welfare pukes will be rioting on the streets.
     
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  3. cnm
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    cnm Diamond Member

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    I wonder whether that means they'll denominate their oil sales in Euros too...

    As a result, France will start offering euro-denominated credits to Iranian buyers of its goods later this year to keep its trade out of reach of U.S. sanctions, the head of state-owned French investment bank Bpifrance said in February.
    https://www.reuters.com
     
  4. cnm
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    cnm Diamond Member

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    The US did it out of self interest to reduce competition. Stop moaning about it now.
     
  5. andaronjim
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    andaronjim Gold Member

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    Take the trillion dollars wasted on the War on Poverty, put it to the national debt, and then there is no more debt in 22 years.
     
  6. sparky
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    sparky Gold Member

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    It's who holds the note that relevant Jim
    ~S~
     
  7. KissMy
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    KissMy Free Breast Exam

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    More Fake News Lies!

    Reagan, Bush 1 & Bush 2 Exploded Welfare!!! Clinton & Obama Cut it!
    [​IMG]
     
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    GreenBean Gold Member Supporting Member

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    Countries are growing weary of losing money on the falling dollar. Many of them want to protect their financial interests, and a number of them want to end the US oversight that comes with using the dollar. Although it’s not clear how many of these countries will actually follow through on an abandonment of the dollar, it is clear that its status as a world currency is in trouble.

    Obviously, an abandonment of the dollar is bad news for the currency. Simply put, as demand lessens, its value drops. Additionally, the revenue generated from the use of the dollar will be sorely missed if it’s lost. The dollar’s status as a cheaply-produced US export is a vital part of our economy. Losing this status could rock the financial lives of both Americans and the worldwide economy.

    7 Countries Considering Abandoning the US Dollar (and What It Means) – Currency Trading.net
     

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