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The Black Forum 2 - The BN Village > Welcome to The Black Forum - The Blacknet Village > Professional, Business & Networking Village > New Iranian Oil Bourse - end for the dollar?

New Iranian Oil Bourse - end for the dollar?

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COLTRANE
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Posted: Tuesday September 20th, 2005 10:59

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Iran is considering launching its own oil bourse with the oil sold in Euros rather than dollars as the EU is their main trading partner.

Apparently this will sink the dollar as countries will no longer need to keep their money in euros. Is this just fantasy or is there something to it?

http://www.aljazeera.com/cgi-bin/review/article_full_story.asp?service_ID=9752

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Shemsi en Tehuti
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Posted: Tuesday September 20th, 2005 19:34

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I guess I would be moving to Europe if things get too bad here.

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