Thursday, October 29, 2009

 

Turkey Dumps US Dollar For Trade With Iran And China

One by one, countries are taking steps to un-dollarize their economy. The latest is Turkey... From Russian newspaper RIA:

Turkey is switching to national currencies in trade with Iran and China, ending dependence on the U.S. dollar and the euro for about 20% of its commodity turnover, local media reported on Wednesday...

Insider: Turkey Dumps US Dollar For Trade With Iran And China

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