Tuesday, May 23, 2006

Venezuala considers ditching dollar for euro on oil sales

Venezuelanalysis: Venezuala considers selling oil in Euros

Another one for those of us following petro-dollar developments -
Hugo Chavez may be considering following Iran, and selling Venezuelan oil in Euros. What implications might this have for the $US?

Posted by TickTock @ 01:36 PM (709 views)
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1. sirgoogle said...

Oooooh Yes. This is one step towards making the Euro the [http://en.wikipedia.org/wiki/Reserve_currency Reserve Currency]. We just need a few more OPEC countries to do this and Europe will see a financial renaissance (then the UK will join).

Wednesday, May 24, 2006 10:23PM Report Comment
 

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