2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 383.15

+0.8%

Nov 26 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: TobagoJack who wrote (12177)	12/5/2006 11:44:15 AM
From: elmatador	Read Replies (1) of 218043

Iran has decided to replace dollar with euro in its foreign trade given the continual impediments and hostile policies directed by U.S. toward the country, Iranian finance minister said on Monday. ELMAT: Well I dont think many countries will volunteer to sanction Iran, TJ. Iran to replace dollar with euro in foreign trade: Finance Minister TEHRAN, Dec. 4 (Mehr News Agency) – Iran has decided to replace dollar with euro in its foreign trade given the continual impediments and hostile policies directed by U.S. toward the country, Iranian finance minister said on Monday. According to ISNA, the would-be decision is also more attuned to existing trade volume between Iran and European nations, the country's major economic partners, which is transacted through the 'euro banks'. "Such inclination has been underlying part of our economic policy for awhile and our Oil Stabilization Fund (OSF) in dollar is at its lowest now," Davud Danesh-Jafari continued. Back in September, the head of the Central Bank of Iran (CBI) Ebrahim Sheibani had threatened that Iran would resort to dollar-to-euro conversion if the U.S. pressure continued. Moreover, the 9/11 event seemed to consolidate a tentative unanimity being formed on this matter among Iranian statesmen after the emergence of euro in 2000. Experts believe that less reliance on dollar and conversion to euro may increase Iran's financial flexibility and access to euro accounts would be easier if the U.S. chooses to impose a unilateral economic sanction on the country. payvand.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next