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India Joins Asian Dollar Exclusion Zone, Will Transact With Iran In Rupees

 
Stu
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User ID: 3643288
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01/21/2012 02:12 AM

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India Joins Asian Dollar Exclusion Zone, Will Transact With Iran In Rupees
byekitty ------> $$


"India and Iran have agreed to settle some of their $12 billion annual oil trade in rupees, a government source said on Friday, resorting to the restricted currency after more than a year of payment problems in the face of fresh, tougher U.S. sanctions." To summarize: Japan, China, Russia, India and Iran: the countries which together account for the bulk of the world's productivity and combined are among the biggest explorers and producers of energy. And now they all have partial bilateral arrangements, and all of which will very likely expand their bilateral arrangements to multilateral, courtesy of Obama's foreign relations stance which by pushing the countries into a corner has forced them to find alternative, USD-exclusive, arrangements. But yes, aside from all of the above, the dollar still is the reserve currency... if only in which to make calculations of how many imaginary money one pays in exchange for imaginary 'developed world' collateral.



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There is no use removing doubts one by one. If we clear one doubt another doubt will arise and there will be no end of doubts. But, if by seeking the doubter, the doubter is found to be really non-existent, then all doubts will cease. -- Ramana Maharshi


You have to keep breaking
your heart until it opens.

~ Rumi
mrroy

User ID: 1476070
United States
01/21/2012 02:23 AM
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Re: India Joins Asian Dollar Exclusion Zone, Will Transact With Iran In Rupees
Does anyone think he had his planed all along? This all seems very curious.
I was in India in 2009 and they just loved USDs.
we're here to go
Stu (OP)

User ID: 3643288
United States
01/21/2012 01:02 PM

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Re: India Joins Asian Dollar Exclusion Zone, Will Transact With Iran In Rupees
bump for the morning crew
_____________________________________
There is no use removing doubts one by one. If we clear one doubt another doubt will arise and there will be no end of doubts. But, if by seeking the doubter, the doubter is found to be really non-existent, then all doubts will cease. -- Ramana Maharshi


You have to keep breaking
your heart until it opens.

~ Rumi

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