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Dollar into the abyss!


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Dollar into the abyss!

Post by rocky on Wed 16 May 2018, 8:53 am

Dollar into the abyss!

14:53 - 16/05/2018

Information / follow-up ...
A diplomatic source in Brussels announced that the European Union intends to move from the dollar to the euro when paying for oil supplies from Iran.
"I have information indicating the intention of the European Union to move from the dollar to the euro when paying for Iranian oil," the Russian news agency Sputnik quoted the source as saying.
EU High Representative for External Affairs Federica Mugherini said on Tuesday that the EU would continue with the Iranian nuclear deal, pointing out that Brussels will help Iran economically after the United States dropped the agreement, and talk about continuing to sell Iranian oil and gas, and the continuation of air and sea transport With Iran and the activation of economic contracts, and work on secondary mechanisms to protect European companies dealing with Iran, and seek practical solutions to save the Iranian nuclear agreement in the next few weeks.
The European Commissioner for Energy and Climate, Miguel Arias Canetti, is scheduled to visit Iran on May 19-20 to discuss cooperation between Iran and the European Union in energy, as part of the EU's commitment to implementing an agreement. Finished


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Re: Dollar into the abyss!

Post by Lobo on Wed 16 May 2018, 10:29 am

Thanks Rocky, this will be interesting, with Turkey's and Iran's currency already in the ash heap, it could be that the Euro will follow if this EU/Iran Euro for oil deal goes through.

    Current date/time is Wed 16 Jan 2019, 2:46 pm