Iran Has Halted Oil Transactions In Dollars
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http://www.nasdaq.com/aspxcontent/NewsStory.aspx?cpath=20071208\ACQDJ...
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.
