Iran to completely drop dollar from foreign exchange

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

  1. Octoldit
    Offline

    Octoldit VIP Member

    Joined:
    Sep 8, 2008
    Messages:
    852
    Thanks Received:
    119
    Trophy Points:
    80
    Ratings:
    +307
    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
    Offline

    Rozman Gold Member Supporting Member

    Joined:
    Sep 18, 2009
    Messages:
    16,615
    Thanks Received:
    3,071
    Trophy Points:
    290
    Location:
    Brooklyn,NY
    Ratings:
    +6,728
    Which is exactly what Obama wants...
     
  3. bodecea
    Offline

    bodecea Diamond Member

    Joined:
    Jul 22, 2009
    Messages:
    93,367
    Thanks Received:
    10,831
    Trophy Points:
    2,030
    Location:
    #HasNoClothes
    Ratings:
    +25,984

    So?
     
  4. Octoldit
    Offline

    Octoldit VIP Member

    Joined:
    Sep 8, 2008
    Messages:
    852
    Thanks Received:
    119
    Trophy Points:
    80
    Ratings:
    +307
    Of course; you totally missed the point. For that kind of arrogance is indeed madness.
     
  5. bodecea
    Offline

    bodecea Diamond Member

    Joined:
    Jul 22, 2009
    Messages:
    93,367
    Thanks Received:
    10,831
    Trophy Points:
    2,030
    Location:
    #HasNoClothes
    Ratings:
    +25,984
    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
    Offline

    Toro Diamond Member

    Joined:
    Sep 29, 2005
    Messages:
    53,604
    Thanks Received:
    11,586
    Trophy Points:
    2,030
    Location:
    The Big Bend via Riderville
    Ratings:
    +28,845
    "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.
     

Share This Page