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Saturday, May 6, 2006

Economic Saber Rattling

From the link:

Iranian President, Mahmoud Ahmadinejad announced here on Friday that within two months, his country will base its oil accounts on the EURO.

The Russian News Agency, Itar Tass, quoted Ahmadinejad as saying that Iran also intends to found a bourse at the Arabian Gulf's economic zone of Kish which will rely on the EURO currency in its accounts.