Iran's oil exchange to trade oil for euros, not dollars
[...]
As concerns the introduction of trading with the euro, this corresponds perfectly with the present direction of the world economy: the dollar falls and the euro gets stronger.
If we compare the presumed turnover of the Iranian Exchange and the full turnover of the economy of the USA we will see that the same mistakes are still being made. The dollar will continue to fall while the price continues to grow on oil. The growth will continue as long as American pursues its present political agenda. The USA of course has its dividends - to raise the competitiveness of its own goods.
Iran declares that with the opening of the Exchange it hopes to reduce the influence of America on its own economy and the economy of the region. But can it achieve this?
[...]
As concerns the introduction of trading with the euro, this corresponds perfectly with the present direction of the world economy: the dollar falls and the euro gets stronger.
If we compare the presumed turnover of the Iranian Exchange and the full turnover of the economy of the USA we will see that the same mistakes are still being made. The dollar will continue to fall while the price continues to grow on oil. The growth will continue as long as American pursues its present political agenda. The USA of course has its dividends - to raise the competitiveness of its own goods.
Iran declares that with the opening of the Exchange it hopes to reduce the influence of America on its own economy and the economy of the region. But can it achieve this?
[...]
posted by TheFuriousGourmet | 9:50 AM
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