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 De-Dollarization Complete: Iran Abandons US Dollar In Foreign Trade

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De-Dollarization Complete: Iran Abandons US Dollar In Foreign Trade Vide
PostSubject: De-Dollarization Complete: Iran Abandons US Dollar In Foreign Trade   De-Dollarization Complete: Iran Abandons US Dollar In Foreign Trade Icon_minitimeSat Jan 24, 2015 5:55 pm
Since last May (and likely long before) when the topic of "de-dollarization" was first uttered in official circles (and not just tin-foil-hat-wearing blogs), the rest of the world (un-isolated as they are) has been warming to the idea that perhaps - just perhaps - it is time to de-dollarize (more or less depending on the despotic region in question). From currency swap agreements to bi-lateral trade agreements to selling US Treasuries and greatly rotating USD reserves into gold, the world's nations (small and large) appear less and less comfortable holdings dollars in this tempestuous world. Among the supporters of that first "de-dollarization" meeting were China and Iran and while the former continues to work down its exposure, the latter - Iran, according to Tasnim news agency, has almost entirely eliminated USDollars from its reserves and is no longer using dollars in foreign trade.

Nothing lasts forever...

De-Dollarization Complete: Iran Abandons US Dollar In Foreign Trade 20120103_JPM_reserve_0

http://www.zerohedge.com/news/2015-01-24/de-dollarization-complete-iran-abandons-us-dollar-foreign-trade
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