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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: benwood who wrote (45579)	1/31/2006 6:59:46 PM
From: mishedlo	Read Replies (1) of 116555

UPI Energy Watch - Iran's oil bourse WASHINGTON, Jan. 30 (UPI) -- Iran's oil bourse draws little attention in West Western media is paying little attention to Iran's oil bourse, which is expected to open on March 20 using a euro oil-trading mechanism. The move will allow investors to buy or sell oil for euros to transact on the exchange, thereby circumventing the U.S. dollar and Europeans will no longer have to buy and hold dollars to secure their payment for oil. Iranian media said talks were held with foreign investors, and Iran gave the Asian Capital Partners and the Future Bank of Bahrain permission to invest 100 million euros each in the Iranian stock market. Iran also authorized three private Lebanese investors to invest up to 50 million euros in the stock market .... upi.com

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