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phantom power

(25,966 posts)
Wed Feb 29, 2012, 01:03 PM Feb 2012

Iran 'to accept payment in gold for oil'

Iran is to accept gold instead of dollars as payment for its oil, the country's state news agency has said.

The move comes as US and European Union sanctions against Iran have made it difficult for buyers to make dollar payments to Iranian banks.

Mahmoud Bahmani, the governor of Iran's central bank, is reported to have said that the country would accept payment in gold "without any reservation".

http://www.bbc.co.uk/news/business-17203132
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Iran 'to accept payment in gold for oil' (Original Post) phantom power Feb 2012 OP
good luck with that iran.... madrchsod Feb 2012 #1
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