Iran replaces dollar with euro in most oil dealings
Wed Dec 6, 2006 23:15

 

CLICK: THE ATTACK ON IRAQ


Tehran: 19:01 , 2006/12/05

Iran replaces dollar with euro in most oil dealings
http://www.mehrnews.com/en/NewsDetail.aspx?NewsID=416994

TEHRAN, Dec. 5 (MNA) — Iran has started replacing dollar with euro in majority of its crude oil exchanges in the last several months, an informed source with Iran’s Oil Ministry said here on Tuesday.

Oil Ministry has taken the policy to substitute dollar with euro, and begun to implement it for most of its oil dealings, the source who spoke on the condition of anonymity told the Mehr News Agency.

“This can maintain the real value of Iranian oil,” he added.

The majority of Iran crude’s customers are Asian and European states, the source noted.

Iran is the number two oil producing member of the Organization of the Petroleum Exporting Countries (OPEC). It also stands second behind Russia in terms of gas reserves in the world.


FK/ML

END

MNA

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THE REAL REASON WE ARE AT WAR!
http://www.apfn.org/apfn/iraq_reason.htm

TIME MAGAZINE NOVEMBER 13, 2000 - Page 34
FOREIGN EXCHANGE

SADDAM TURNS HIS BACK ON GREENBACKS

Europe's dream of promoting the euro as a competitor
to the U.S. dollar may get a boost from SADDAM HUSSEIN.
Iraq says that from now on, it wants payments for its
oil in euros, despite the fact that the battered
European currency unit, which use to be worth quite
a bit more than $1, has dropped to about 82 cents.
Iraq says it will no longer accept dollars for oil
because it does not want to deal "in currency of the
enemy."

The switch to euros would cost the U.N. a small
fortune in accounting paperwork changes. It would also
reduce the interest earnings and reparations payments
that Iraq is making for damage it caused during the Gulf War,
a shortfall the Iraqis would have to make up.

The move hurts Iraq, the U.N. and the countries receiving
reparations. So why is Saddam doing it? Diplomatic
sources say switching to the euro will favor European
suppliers over U.S. ones in competing for Iraqi contracts,
and the p.r. boost that Baghdad would probably get in
Europe would be another plus.

-By William Dowell/ New York City

====================================================================

Saddam Turns His Back on Greenbacks
By WILLIAM DOWELL/NEW YORK CITY
http://www.time.com/time/archive/preview/0,10987,998512,00.html

===========================================================

The Euro And The War On Iraq
By Amir Butler
ATrueWord.com
FULL REPORT:
http://www.apfn.org/apfn/iraq_reason.htm

============================

APFN: INFO AND LINKS: IRAQ WAR
http://www.apfn.org/apfn/iraq_war.htm

=======================

GOOGLE:
Iraq Study Group report:



President Bush, right, holds a copy of the Iraq Study Group report as Group Co-Chairman Lee Hamilton looks on, 6 Dec. 2006

According to Iraq Study Group, which is expected to explain a report with strategic options for Iraq problems, the situation in Iraq is “grave and dangerous ...
GOOGLE LINKS:>>


Iraq Study Group: United States Institute of Peace
The Iraq Study Group is tasked with making a forward-looking, independent assessment of the current and prospective situation on the ground in Iraq and how ...
HTTP://www.usip.org/isg/

In light of the importance of Iraq to United States interests and the future of the region, there is urgent need for a bipartisan, forward-looking assessment of the situation in Iraq.

At the urging of Congress, the United States Institute of Peace is facilitating the bipartisan Iraq Study Group, led by co-chairs James A. Baker, III, former secretary of state and honorary chairman of the James A. Baker III Institute for Public Policy at Rice University, and Lee H. Hamilton, former congressman and director of the Woodrow Wilson International Center for Scholars. The Iraq Study Group will conduct a forward-looking, independent assessment of the current and prospective situation on the ground in Iraq, its impact on the surrounding region, and consequences for U.S. interests.

The United States Institute of Peace is facilitating the group with the support of the Center for Strategic and International Studies (CSIS), the Center for the Study of the Presidency (CSP), and the James A. Baker III Institute for Public Policy at Rice University.
http://www.usip.org/isg/

IRAQ STUDY GROUP MEMBERS:

The Iraq Study Group is a bipartisan group of prominent Americans supported by four premier institutions. It is led by co-chairs James A. Baker, III, the nation’s 61st Secretary of State and Honorary Chairman of the James A. Baker III Institute for Public Policy at Rice University, and Lee H. Hamilton, former Congressman and Director of the Woodrow Wilson International Center for Scholars.

The other members of the study group include: Lawrence S. Eagleburger, Vernon E. Jordan, Jr., Edwin Meese III , Sandra Day O'Connor, Leon E. Panetta, William J. Perry, Charles S. Robb, and Alan K. Simpson.
MORE:
http://www.usip.org/isg/members.html

Iraq Study Group

December 6, 2006 - Iraq Study Group Official Report Released
http://www.usip.org/isg/iraq_study_group_report/report/1206/index.html

If you'd like to link to the Iraq Study Group report from your Web site, please use the following link: http://www.usip.org/isg/iraq_study_group_report/report/1206/index.html

For more information about the U.S. Institute of Peace, the facilitator of the Iraq Study Group, please visit our homepage at http://www.usip.org.

====================

QUESTION: HOW MUCH WAS USIP PAID FOR THIS REPORT AND WHO PAID IT?



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CLICK: THE ATTACK ON IRAQ

 

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