Launch of Iranian oil trading hits wall
"In the middle of 2006, we are able to start the bourse," Mohammad Asemipur, special adviser on the project to Iran's Oil Minister, said when reached in Tehran. The plan is to trade petrochemical products first, with a crude oil contract coming last, a rollout that likely will take three years, he said.
The plan to trade exclusively in Euros is also questioned in the article.
However, Arab central banks move assets out of dollar
posted by Cyndy