Money | December 10, 2007 | 0 comments

Iran Has Halted Oil Transactions In Dollars

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No one wants those American dollars anymore. Here is one more turn away from the dollar as it's value slips away. ///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////Oil Minister Gholam Hossein Nozari said :

"At the moment selling oil in dollars has been completely halted, in line with the policy of selling crude in non-dollar currencies," Nozari was quoted as saying by the ISNA news agency.

"The dollar is an unreliable currency, considering its devaluation and the oil exporters' losses," he added.

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