Text Version
RSS Feeds
Newsletter
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  SERVICES
  -Text Version
  -RSS Feeds
  -Newsletter
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
 -
 -
Iran dumps U.S. dollars in oil transactions
+ -
20:50, April 30, 2008

 Related News
 Iran's state TV station airs video of Hormuz ship incident
 Iran's IRGC officer: U.S. video of Hormuz ship incident fake
 Standoff of Iranian craft, US ships sheds light on bilateral ties
 Iran: Hormuz ship incident U.S. "psychological, propaganda campaign"
 Comment  Tell A Friend
 Print Format  Save Article
Iran had totally removed U.S. dollars in the country's oil transactions, an Oil Ministry official said on Wednesday.

"The dollar has completely been removed from our oil trade....Crude oil customers have agreed with us to use other currencies (in the trade)," Oil Ministry official Hojjatollah Ghanimifard was quoted as saying by the state television.

"We make our transactions with euros in Europe, but yen in Asia," he added.

Due to the tensions with Washington in the past years over the nuclear disputes and the latest depreciation of dollars, Iran has vowed to decrease the greenback in its foreign trade. Iran central bank also has reduced dollars in the country's foreign reserves. In last November's summit of the Organization of Petroleum Exporting Countries (OPEC) in Saudi Arabia, Iran proposed that it was necessary to replace the U.S. dollar with other major hard currencies in oil trading.

But some Arab allies of the United States showed few support to Tehran's advice.

However, Iran's Oil Minister Gholam Hossein Nozari has already declared in last December that Tehran had completely stopped selling its oil in dollars, according a report by the semi-official ISNA news agency at that time.

"In line with the policy of selling crude oil in non dollar currencies, currently selling our country's oil in U.S. dollars has been completely stopped," Nozari was then quoted as saying. Right now it's not clear why there seems to be a contradiction between comments by the two officials over the exact time to stop dollars in Iran's oil trade.

Source:Xinhua



  Your Message:   Most Commented:
Chinese netizen discussion of"boycott on French goods"
What is Nancy Pelosi really up to?
Miley Cyrus' sexy photos cause controversy
Dalai's brag about "peace", "non-violence" is nothing but lie
FM: China strongly denounces CNN host's insulting words

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved

http://english.people.com.cn/90001/90777/90854/6402091.pdf