Thread: Petrodollar
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Old Jul 18, 2007, 12:49 pm   #2 (permalink) (top)
Zeebadee
Volcanic Erupter
 
Posts: 3,836
"The dollar was driven down against the Japanese yen this afternoon, hit by the news that Iran had asked Japan to pay for its oil purchases in the Japanese currency and not in dollars."
Iran demands oil pay in yen not dollars - Times Online

Right now it seems to be only Iran switching from the dollar, who know what will happen if other countries follow suit.


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Everybody knows that the captain lied." - Leonard Cohen
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