"I again repeat my previous proposal; we should have a basket of different international hard currencies as the basis or the member countries should come up and produce a new hard currency for petroleum contracts," he stressed. " They get our oil and give us a worthless piece of paper," Ahmadinejad said earlier after the close of the summit in the Saudi capital of Riyadh.
The man's got a point!
Showing posts with label US Dollar. Show all posts
Showing posts with label US Dollar. Show all posts
Tuesday, June 17, 2008
Tuesday, January 15, 2008
Dollar tumbles after retail sales drop
"The dollar dropped to its lowest level against the yen in more than two and a half years on Tuesday after weak US economic data opened the door for aggressive interest rate cuts from the Federal Reserve."
Wednesday, January 2, 2008
Dollar fear sparks rush to oil and gold
"Crude oil prices briefly hit the $100-a-barrel mark and gold prices jumped to an all-time high as investors poured money into commodities on Wednesday amid deepening fears about the weakness of the US dollar."
Monday, December 31, 2007
US dollar hammered
"THE US dollar posted its biggest weekly drop against the euro since April 2006 as a slumping housing market and upheaval in Pakistan made US financial assets less attractive to global investors."
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