Stop Pricing Oil in U.S. Dollars, Iran Urges

Summary


TEHRAN, Iran - Iranian President Mahmoud Ahmadinejad is urging OPEC members to form a joint bank and stop pricing oil trades in U.S. dollars.

According to the Iranian government's Web site, Ahmadinejad told OPEC Secretary General Abdalla Salem el-Badri the cartel "should establish a joint bank as well as having joint currency."

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Stop Pricing Oil in U.S. Dollars, Iran Urges

Oil is priced in U.S. ...

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