Iran to replace US dollar with euro in financial reporting

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SteveFoerster
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Iran to replace US dollar with euro in financial reporting

Post by SteveFoerster » Fri Apr 20, 2018 10:07 am

Iran to replace US dollar with euro in financial reporting

Move comes after first foreign exchange swap between Iranian rial and Turkish lira

http://www.atimes.com/article/iran-repl ... reporting/

Sertorio, you'll like this! :ugeek:
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Sertorio
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Re: Iran to replace US dollar with euro in financial reporting

Post by Sertorio » Fri Apr 20, 2018 10:27 am

SteveFoerster wrote:
Fri Apr 20, 2018 10:07 am
Iran to replace US dollar with euro in financial reporting

Move comes after first foreign exchange swap between Iranian rial and Turkish lira

http://www.atimes.com/article/iran-repl ... reporting/

Sertorio, you'll like this! :ugeek:
I do! I do!... And there is more to come... :D

neverfail
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Re: Iran to replace US dollar with euro in financial reporting

Post by neverfail » Sat Apr 21, 2018 1:39 am

Who bloody-well cares?

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Sertorio
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Re: Iran to replace US dollar with euro in financial reporting

Post by Sertorio » Sat Apr 21, 2018 3:43 am

neverfail wrote:
Sat Apr 21, 2018 1:39 am
Who bloody-well cares?
It's a process. Slowly the dollar will stop being the currency of reference and the US will no longer be able to pay for its trade deficit by printing bits of paper. Which will mean that if the US wants to wage war, it will have to pay it with real money.

neverfail
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Re: Iran to replace US dollar with euro in financial reporting

Post by neverfail » Sat Apr 21, 2018 3:57 am

Sertorio wrote:
Sat Apr 21, 2018 3:43 am
neverfail wrote:
Sat Apr 21, 2018 1:39 am
Who bloody-well cares?
It's a process. Slowly the dollar will stop being the currency of reference and the US will no longer be able to pay for its trade deficit by printing bits of paper. Which will mean that if the US wants to wage war, it will have to pay it with real money.
Thanks Sertorio.....

...and pigs might grow wings and fly? :lol:

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Sertorio
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Re: Iran to replace US dollar with euro in financial reporting

Post by Sertorio » Sat Apr 21, 2018 4:53 am

neverfail wrote:
Sat Apr 21, 2018 3:57 am
Sertorio wrote:
Sat Apr 21, 2018 3:43 am
neverfail wrote:
Sat Apr 21, 2018 1:39 am
Who bloody-well cares?
It's a process. Slowly the dollar will stop being the currency of reference and the US will no longer be able to pay for its trade deficit by printing bits of paper. Which will mean that if the US wants to wage war, it will have to pay it with real money.
Thanks Sertorio.....

...and pigs might grow wings and fly? :lol:
It will not happen overnight, but it will happen...

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cassowary
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Re: Iran to replace US dollar with euro in financial reporting

Post by cassowary » Sat Apr 21, 2018 6:43 am

Sertorio wrote:
Sat Apr 21, 2018 3:43 am
neverfail wrote:
Sat Apr 21, 2018 1:39 am
Who bloody-well cares?
It's a process. Slowly the dollar will stop being the currency of reference and the US will no longer be able to pay for its trade deficit by printing bits of paper. Which will mean that if the US wants to wage war, it will have to pay it with real money.
I can't see how that is true. Whatever currency you pay for oil does not matter for the US or any other country.

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