08.02.2016 - Currency War Escalation: Iran Wants Euros Instead of US Dollars for Oil Payments
Washington must be getting nervous with the latest announcement from Iran’s state-owned oil company, the National Iranian Oil CO (NIOC) which declared that Iran will replace US dollars with Euros for its oil trades according to a Reuter’s news article titled ‘Exclusive: Iran wants euro payment for new and outstanding oil sales – source’. Iran wants something (well almost anything) to bypass the US dollar with other currencies because of Washington’s willingness to impose sanctions whenever it wants on the Iranian republic...............................................Full Article: Source
Print