http://en.wikipedia.org/wiki/Iranian_oil_bourse
"March 2007 The Scotsman reported that China’s state-run Zhuhai Zhenrong Corp, the biggest buyer of Iranian crude worldwide, began paying for its oil in euros late last year. Iranian officials have said for months that more than half the OPEC member’s customers switched their payment currency away from the dollar as Tehran seeks to diversify its reserves, but news of the Zhenrong change is the first outside confirmation. Japan has also announced that it would be willing to switch to Yen from US Dollars.[13] Iran’s central banker announced in March 2007 that Iran had cut its holding of U.S.-dollar assets to around 20% of its foreign reserves in response to U.S. hostility."
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I am planning in going to paris in march and I check the euro and dollar exchange rate everyday and the dollar is worth less everyday. Why is that will the dollay gain some value in the near future?
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On March 24, 2009, Zhou Xiaochuan, President of the People’s Bank of China, called for "creative reform of the existing international monetary system towards an international reserve currency," believing it would "significantly reduce the risks of a future crisis and enhance crisis management capability." Zhou suggested that the IMF’s Special Drawing Rights, a currency basket comprising dollars, euros, yen, and sterling and could serve as a super-sovereign reserve currency, not easily influenced by the policies of individual countries. US President Obama, however, rejected the suggestion stating that "the dollar is extraordinarily strong right now." In the G8 summit the Russian president revealed the world currency.
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Im going to Italy and Greece and need to buy Euros before Mid march, when do you think I should buy them?
i want an answer to the question, not a comment
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My sister is moving to Japan in March, I wanted to know if they use US Dollars or Yen or both on the base? Whats the best way to send money if I wanted to?
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