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Iran to replace Dollar with Euro 10 replies

Iran replace dollar with euro

  • Post #1
  • Quote
  • First Post: Dec 4, 2006 8:25am Dec 4, 2006 8:25am
Iranian minister of economic affairs said <st1:country-region><st1lace>Iran</st1lace></st1:country-region> replace doller with euro in it’s international business. The reason is hostile <st1:country-region><st1lace>US</st1lace></st1:country-region> policy against <st1:country-region><st1lace>Iran</st1lace></st1:country-region> which has created some troubles for <st1:country-region><st1lace>Iran</st1lace></st1:country-region>’s international businesses. He added that <st1:country-region><st1lace>Iran</st1lace></st1:country-region> was already trying to reduce his dollar-based business. Since <st1:country-region><st1lace>Iran</st1lace></st1:country-region>’s most business partners are European countries, replacing dollar with euro was an easy and evident choice.<o></o>

<o> </o>

Sorry I hope my translation is good enough to understand the news, since I couldn’t find the English version of it; you can find the Persian version of the story here:<o></o>

http://www.bbc.co.uk/persian/busines..._mf_euro.shtml
Quoting mazdak
Iranian minister of economic affairs said <?xml:namespace prefix = st1 /><st1:country-region><st1lace>Iran</st1lace></st1:country-region> replace doller with euro in it’s international business. The reason is hostile <st1:country-region><st1lace>US</st1lace></st1:country-region> policy against <st1:country-region><st1lace>Iran</st1lace></st1:country-region> which has created some troubles for <st1:country-region><st1lace>Iran</st1lace></st1:country-region>’s international businesses. He added that <st1:country-region><st1lace>Iran</st1lace></st1:country-region> was already trying to reduce his dollar-based business. Since <st1:country-region><st1lace>Iran</st1lace></st1:country-region>’s most business partners are European countries, replacing dollar with euro was an easy and evident choice.<?xml:namespace prefix = o /><o></o>

<o></o>

Sorry I hope my translation is good enough to understand the news, since I couldn’t find the English version of it; you can find the Persian version of the story here:<o></o>

http://www.bbc.co.uk/persian/busines..._mf_euro.shtml
Your translation is very good. Thanks for the news.
The market is my nation. Traders, my family. Hello, brothers and sisters!
Yup Fine english and thanks, hadn't heard that piece of news! Thanks.
Quoting mazdak
Iranian minister of economic affairs said <?xml:namespace prefix = st1 /><st1:country-region><st1lace>Iran</st1lace></st1:country-region> replace doller with euro in it’s international business. The reason is hostile <st1:country-region><st1lace>US</st1lace></st1:country-region> policy against <st1:country-region><st1lace>Iran</st1lace></st1:country-region> which has created some troubles for <st1:country-region><st1lace>Iran</st1lace></st1:country-region>’s international businesses. He added that <st1:country-region><st1lace>Iran</st1lace></st1:country-region> was already trying to reduce his dollar-based business. Since <st1:country-region><st1lace>Iran</st1lace></st1:country-region>’s most business partners are European countries, replacing dollar with euro was an easy and evident choice.<?xml:namespace prefix = o /><o></o>

<o></o>

Sorry I hope my translation is good enough to understand the news, since I couldn’t find the English version of it; you can find the Persian version of the story here:<o></o>

http://www.bbc.co.uk/persian/busines..._mf_euro.shtml
You're translation is very good.
Iran trade is still quite small relative to other countries. It wont have any effect on Dollar.
Quoting fxfei
Iran trade is still quite small relative to other countries. It wont have any effect on Dollar.
Sure.... and a little snow ball rolling down a snow-covered mountain has no effect on the sleepy little town below until the little snowball becomes an indomitable avalanche. Swiss Proverb.
Quoting MoneyMa$ter
Sure.... and a little snow ball rolling down a snow-covered mountain has no effect on the sleepy little town below until the little snowball becomes an indomitable avalanche. Swiss Proverb.
Quoting mazdak
Iranian minister of economic affairs said <st1:country-region><st1lace>Iran</st1lace></st1:country-region> replace doller with euro in it’s international business. The reason is hostile <st1:country-region><st1lace>US</st1lace></st1:country-region> policy against <st1:country-region><st1lace>Iran</st1lace></st1:country-region> which has created some troubles for <st1:country-region><st1lace>Iran</st1lace></st1:country-region>’s international businesses. He added that <st1:country-region><st1lace>Iran</st1lace></st1:country-region> was already trying to reduce his dollar-based business. Since <st1:country-region><st1lace>Iran</st1lace></st1:country-region>’s most business partners are European countries, replacing dollar with euro was an easy and evident choice.<o></o>

<o> </o>

Sorry I hope my translation is good enough to understand the news, since I couldn’t find the English version of it; you can find the Persian version of the story here:<o></o>

http://www.bbc.co.uk/persian/busines..._mf_euro.shtml

That's only the first step. Now watch them start selling oil in Euros.
it won't be $$ 'pretty'.
Quoting MoneyMa$ter
Sure.... and a little snow ball rolling down a snow-covered mountain has no effect on the sleepy little town below until the little snowball becomes an indomitable avalanche. Swiss Proverb.
We certainly have a wise pal here.

My only hope is that the current events do not lead us to another economic recession.
Hey thanks for the translation but I wouldn't have a clue if it is accurate or not.

+ + +

BTW whatever happened to the oil exchange Iran was developing? Not!!

I know that Dubai now trades a Oman crude contract in US$ clearing though the NY Mercantile exchange.
Wow, more bad news for the US huh? hehe, man, the dollar is sooo under valued its not even funny. I might move to Great britian and work in McDees and send some money home to the US.

I met a few people from GB that brought some shoes over to the US and sold them to the US peoples. Those people from GB made a killing!!!

Food for thought.

Oww btw, no food for oil. Only Dee Dee Dee people would trade oil for food at 1:1 ratio.
Quoting SunTrader
BTW whatever happened to the oil exchange Iran was developing? Not!!

I know that Dubai now trades a Oman crude contract in US$ clearing though the NY Mercantile exchange.
From my reading it won't be launched before the end of next year. However if you are interested in more detailed info about Iranian Oil bourse, read the following article:

http://en.wikipedia.org/wiki/Iranian_Oil_Bourse
Quoting mazdak
From my reading it won't be launched before the end of next year. However if you are interested in more detailed info about Iranian Oil bourse, read the following article:

http://en.wikipedia.org/wiki/Iranian_Oil_Bourse

I am not as concerned about the return on my money as I am about the return of my money
Your signature is hilarious. It is, unfortunately, all too fitting in Forex.
Profit is where readiness meets Opportunity
Quoting FXopportunist
Your signature is hilarious. It is, unfortunately, all too fitting in Forex.
Thanks FXopportunist. It's from Will Rogers (humorist). Til a year ago I was pretty active in Hyip world which is, IMO, riskier than Forex...that's why the signature...
Iran is probably doing this because they were pissed off by Bush and his administration.
Trading is a long and a short story.
  • Post #16
  • Quote
  • Last Post: Dec 4, 2006 7:02pm Dec 4, 2006 7:02pm
Quoting spinmypip
Iran is probably doing this because they were pissed off by Bush and his administration.
And if Venezuela and Nigeria follow suit.....with additional pressure placed on the Saudis to reduce production.....methinks the snowball groweth!!

But I guess the good ole US of A can rely on the good ole former USS oF R.... NOT!
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