Iran drops dollar from oil deals: report
Major crude producer Iran has completely stopped carrying out its oil transactions in dollars, Oil Minister Gholam Hossein Nozari said on Saturday, labelling the greenback an “unreliable” currency
.
“At the moment selling oil in dollars has been completely halted, in line with the policy of selling crude in non-dollar currencies,” Nozari was quoted as saying by the ISNA news agency.
“The dollar is an unreliable currency, considering its devaluation and the oil exporters’ losses,” he added.
The world’s fourth largest oil exporter, Iran has massively reduced its dependence on the dollar over the past year in the face of US pressures on its financial system.
The United States has successfully encouraged major European and Asian banks to cut their dealings with Iran in a bid to make the Islamic republic give way on its controversial nuclear programme.
Washington has also blacklisted major Iranian banks for alleged support of terrorism and seeking nuclear weapons, charges denied by Tehran.
Iran has reduced its assets in dollars held in foreign banks and urged OPEC to take collective action to price oil in other currencies such as the euro, instead of the US currency which is used across the world at present.
The fall of the dollar, which has weakened considerably against the euro and other currencies in the past 12 months, has affected the revenues of OPEC members because most of them price and sell their oil exports in the US currency.
DMV says “Fuck You” – literally
CLICK THE LINK
http://farm3.static.flickr.com/2274/2088728627_17df4fd61a_b.jpg
The Changing Face of Michael Jackson
The King of Pop, Michael Jackson, has stayed out of the spotlight since his high profile trial ended in 2005. However, for the 25th anniversary of “Thriller,” Jackson reemerged from his reclusion to don the cover of Ebony magazine. The singer looked remarkably lighter since his beginnings as a member of the Jackson Five.
Pamela Anderson Crowned ‘TV’s Sexiest Woman Ever’
LOS ANGELES, Calif. (December 5, 2007) – Pamela Anderson has been crowned “TV’s Sexiest Woman Ever” by AOL.
The Canadian blonde bombshell, who starred as CJ on the long running series “Baywatch,” was described in the countdown as a “knock-out blonde who wears a bathing suit and bounces around as she saves lives.”
She was given the top on honor for taking “bodacious to a new level.”
Anderson bested 49 other gorgeous television sirens including Lynda Carter, who came in at number 3 for her role as “Wonder Woman.”
“She could kick bad-guy butt in her patriotic one-piece and high-heeled boots,” AOL wrote.
The highest-ranking “Desperate Housewife” on the countdown was Eva Longoria, who took the number 5 slot for her portrayal of Gabrielle Solis.
Today hot 6 videos from STAGE6- An error has occurred; the feed is probably down. Try again later.
- Best Videos Today
- An error has occurred; the feed is probably down. Try again later.
- MOST POPULAR STORIES
- The Cosmic Alignment Known As 'Manhattanhenge' Begins Tonight
- Retreat From Stock Market Continues
- Megaupload Wins Crucial Evidence Disclosure Battle With US Govt. | TorrentFreak
- The Ancient Sexual Revolution that May Have Spurred Human Monogamy
- Photos: Black and white next-gen metal iPhone backs, mini-dock, taller screen, moved earphone jack present
- EXCLUSIVE: From Hopeful Immigrant to FBI Informant - The Inside Story of the Other Abu Zubaidah
- iPhone 5 parts leak with large screen, new dock connector, headphone jack at bottom [updated]
- Nearly 200,000 women had an abortion last year... and for one in three it was a repeat procedure
- The Causes of Broken Heart Syndrome
- Autonomous Volvo convoy completes 125-mile highway drive
-
Indian Actress
More Photos counter
- HOT HOT CELEBRITY NEWS
- Elvis Presley's crypt set to be auctioned off
- Are women their own worst enemy?
- Game of Thrones: Saving Private Tyrion
- Golden Gate Bridge 75th anniversary fireworks with finale
- See this amazing video of a "Super Moon" - breathtaking images that look almost surreal!
- World's Best Bartender :)
- Amazing video of 747 lifting in place in extreme wind conditions - 1080P HD
- A Mind-Blowing Impossible Shot from the Movie ‘Contact’
- Which blockbusters to see and which to avoid at the multiplex this summer
- This Stunning Moment Is Now An Iconic Photo Of Its Own
- Techcrunch News
- Doxo Now Lets You Receive & Pay Bills From Your Mobile Device
- ‘Walking Around Naked On The Internet’: McAfee Says 17% Of PCs Globally Lack Malware Protection
- Sequoia Capital’s $1 Billion Raise Is Very Much About Going Global
- Cook Reveals More Details About Apple’s Product Naming Policies, And Yes, The ‘S’ Stands For Siri
- With $1.3M In New Funding, CodeGuard Launches Its Free Website Backup, Monitoring Service
- Tim Cook On Apple TV: “We’re Going To Keep Pulling The String”
- Tim Cook On Apple’s (Tumultuous) Relationship With Facebook, “Stay Tuned”
- The Most Important Lesson Tim Cook Learned From Steve Jobs: “Focus Is Key”
- Educational App Maker Mindshapes Picks Up $4M Round Led By Index; Adds Big 5 Publishers To Magic Town
- An $800M Buddy Media Acquisition Would Be Worth 8X Its Current Revenue
-
Recent Comments
Susan on This dude sings better than mo… ravi on The Playing Cards of Death and…
