IPFS News Link • Energy
Oil states say no talks on replacing dollar
• ReutersThe dollar eased in response to the report, which was written by The Independent's Middle East correspondent Robert Fisk and cited unidentified sources in Gulf Arab states and Chinese banking sources in Hong Kong.
It said the proposal was for trade in crude oil to move over nine years to a basket of currencies including the Japanese yen, the Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, which includes Saudi Arabia and Kuwait.
1 Comments in Response to Oil states say no talks on replacing dollar
When the government starts having denials posted you can assume the reports are true.