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Iran president calls for new currency { April 8 2008 } Original Source Link: (May no longer be active)    http://ap.google.com/article/ALeqM5hut5APs3h9sbxwxCxa0VrneoG8pgD8VSICH81 http://ap.google.com/article/ALeqM5hut5APs3h9sbxwxCxa0VrneoG8pgD8VSICH81 Iran to OPEC: Stop Oil Sales in Dollars April 8, 2008 TEHRAN, Iran (AP) — 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." Oil is priced in U.S. dollars on the world market, and the currency's depreciation has concerned producers because it has contributed to rising crude prices and eroded the value of their dollar reserves. Iran has repeatedly urged OPEC members to shift sales away from dollar. But Iran's proposal to trade oil in a basket of currencies is not supported by enough OPEC members, which include staunch U.S. allies such as leading producer Saudi Arabia.

Ahmadinejad says israel cannot continue to exist { March 2006 } Ahmadinejad [jpg] Iran president calls dollar worthless paper { October 2007 } Iran president calls for global government { December 2008 } Iran president calls for new currency { April 8 2008 } Iran president speaks at columbia university { August 2007 } President Ahmadinejad in iran has no power { September 25 2007 } US threats on iran help Ahmadinejad { September 25 2007 } Files Listed: 8

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