Comments on: Iran Ends Oil Transactions In U.S. Dollars
OPEC's Second-Largest Producer Now Pegs Petroleum To Euros And Yen
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- yongamerica-- It means that customers don''t need to buy Dollars any more to purchase oil off Iran...if they can use their own currencies. This will weaken the Dollars value some more, further undermining it''s status as the worlds reserve currency.
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- Not so yongamerica. If that were true, there would be no reason to make that changeover.
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- No big deal, regardless of the product, it gets translated into a currency at an equivalent rate.
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