Iran gained $5 billion on shift from U.S. dollar
OPS_admin | Nov 26, 2009 | Comments 0
Iran has gained $5 billion through its policy of shifting away from the U.S. currency in favors of the euro, state television reported on Monday, citing Central Bank Governor Mahmoud Bahmani.
Since 2007, Iran has received 85 percent of its oil income in currencies other than the U.S. dollar, Iran’s English-language Press TV reported on its web site.
“Iran has considerably reduced the total of U.S. dollars in its currency basket,” Bahmani said.
Press TV did not give additional detail on how Iran has benefited from reducing the role of the U.S. unit in its transactions.
Iran, the world’s fifth-largest oil exporter, says a weak U.S. currency is eroding its purchasing power. The Islamic state is under U.S. and U.N. sanctions over its disputed nuclear program.
Full Story Iran gained $5 billion on shift from U.S. dollar: state TV – washingtonpost.com.
OPS: Saddam threatened to do this but never actually did it. Well, now we will attack them for sure.
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The oligarchs openly talking about a coup d'état in America?
Multi-millionaire lobbyist Grover Norquist is calling for the impeachment of President Obama. In an interview with the right-wing National Journal - Norquist warned that if President Obama wins re-election and decides to let the Bush tax cuts for the top 2% expire at the end of the year - then Republicans will "have enough votes in the Senate in 2014 to impeach [him]."What does that mean? It means that the super rich in America - and their political operatives like Norquist in Washington, DC - have now compared a tiny tax increase on the wealthy to high crimes and treason - the only Constitutional basis Congress can use to impeach a President. It sounds like the oligarchs are now openly talking about a coup d'état in America.-Thom(Do you think will try it? Tell us here.) -
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