Iran Dumps U.S. Dollar in Oil Transactions

Xinhua News Agency:
Iran had totally removed U.S. dollars in the country's oil transactions, an Oil Ministry official said. "The dollar has completely been removed from our oil trade....Crude oil customers have agreed with us to use other currencies (in the trade)," Oil Ministry official Hojjatollah Ghanimifard was quoted as saying by the state television. "We make our transactions with euros in Europe, but yen in Asia," he added.

Posted by Editor at May 1, 2008 12:54 PM