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Iran drops dollar
- Iran: Sunday, December 09 - 2007 at 07:35
Iran's Oil Minister Gholamhossein Nozari has been quoted as saying the Islamic Republic has now 'completely halted' the sale of its crude oil in US dollars, reported the AFP citing the local ISNA. Nozari described the dollar as 'unreliable' in the wake of its deprecation but the minister did not specify in which currency Iran was now being paid for its oil. Japan has been paying for its oil in yen.
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Jonathan Sheikh-Miller, Deputy EditorSunday, December 09 - 2007 at 07:35 UAE local time (GMT+4)
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