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Subject: Iran pricing oil in Euros
xylene    2/16/2006 4:45:16 PM
I heard Iran was going to start using Euros for oil transactions instead of dollars. I'm not sure what effects this would have. I have heard stories on how/if countries stop hording petro-dollars it can increase US inflation. On the other hand oil is already a fluid traded commodity and you can use what ever currency to pay for it since the exchange rates are converted. Is this a big issue or not?
 
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