Iran to completely drop dollar from foreign exchange

Discussion in 'Current Events' started by Octoldit, Oct 18, 2009.

  1. Octoldit
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    Octoldit VIP Member

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    Sat, 17 Oct 2009 01:31:04 GMT

    Iran's Trade Promotion Organization has announced a near future plan to completely exclude the US dollar from the country's foreign revenues and reserves.

    Iran has recently asked Japan to replace the US dollar with the yen in oil deals it has with the Islamic Republic, Mehr News quoted the organization as saying on Friday.


    LINK: Iran to completely drop dollar from foreign exchange
    Edited to comply with fair use

    ~Dude
     
  2. Rozman
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    Rozman Gold Member Supporting Member

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    Which is exactly what Obama wants...
     
  3. bodecea
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    bodecea Diamond Member

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    So?
     
  4. Octoldit
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    Octoldit VIP Member

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    Of course; you totally missed the point. For that kind of arrogance is indeed madness.
     
  5. bodecea
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    bodecea Diamond Member

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    If you are inferring that it is arrogance for us to assume that everyone is supposed to use our U.S. dollars whether they want to or not....true.
     
  6. Toro
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    Toro Diamond Member

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    "So?" was my response as well.

    Who cares? Its arrogance to think that all transactions are done in dollars anyways. That's ridiculous, not to mention ignorant.
     

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