Register

Peak Oil is You


Donate Bitcoins ;-) or Paypal :-)


Page added on December 20, 2006

Bookmark and Share

The end of Dollar supremacy

The Iranian government has finally developed a new weapon that can destroy the financial system underpinning the American Empire. The U.S. dollar dominance is coming to an end.

A hundred years ago the U.S. currency

Iran announced yesterday ordering the central bank to direct foreign transactions and transform the state’s dollar-denominated assets held abroad to the single European currency instead of the U.S. currency.

“The government has ordered the central bank to replace the dollar with the Euro to limit the problems of the executive organs in commercial transactions,” government spokesman Gholam Hossein Elham told reporters.

Aljazeera Magazine



Leave a Reply

Your email address will not be published. Required fields are marked *