Jokes/Interweb Things Thread, Britain faces worst recession in history, Cabinet minister Tessa Jowell admits in Fun Stuff; You know what happens when you start selling oil in euros instead of dollars, 'regime change' (see Iraq).
Iranian President ...
19th December 2008, 10:01 PM #16
You know what happens when you start selling oil in euros instead of dollars, 'regime change' (see Iraq).
CNN.com - U.N. to let Iraq sell oil for euros, not dollars - October 30, 2000
Iranian President Mahmoud Ahmadinejad called the depreciating dollar a "worthless piece of paper" at a rare summit last year in Saudi Arabia attended by state leaders from the Organization of Petroleum Exporting Countries.
Iran put pressure on other OPEC countries at the meeting to price oil in a basket of currencies, but it has not been able to generate support from fellow members — many of whom, including Saudi Arabia, are staunch U.S. allies.
The U.S. briefly had two aircraft carriers in the Gulf on Tuesday amid a rotation of forces. Defense Secretary Robert Gates said the deployment serves as a "reminder" to Iran, though he said it was not an escalation of force.
U.S. banks are prohibited from conducting business directly with Iran, and many European banks have curbed their dealings with the country over the past year under pressure from Washington.
Iran stops conducting oil transactions in U.S. dollars - International Herald Tribune
UN Office of the Iraq Program - Oil for Food: About the Program
Last edited by somabc; 19th December 2008 at 10:07 PM.
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