An important announcement was made on 5 December 2006. The “BBC” reported upon it 18 December 2006. This news of grave importance seems to have been drowned in a sea of important announcements. What is this important announcement?
As reported by “MehrNews.com” and the “BBC,” the Iranian Government has begun implementing its policy of conducting commercial transactions in the Euro. “Commercial transactions” also include “oil transactions.”
One of the world’s largest oil producing nations has shifted from employing the U.S. Dollar as its currency of choice in business transactions (oil).
The question begging to be asked is: Who else is soon to follow?