http://www.cyrillicpartners.com/2007/11/19/opec-considers-dropping-dollar/ An Economics Blog by Volha Baranava and Alexander Haislip Thu, 20 Nov 2008 07:49:05 +0000 http://wordpress.org/?v=2.3 http://www.cyrillicpartners.com/2007/11/19/opec-considers-dropping-dollar/#comment-20 Cyrillic Partners » U.A.E. Considering Dropping Dollar Peg Tue, 27 Nov 2007 09:04:12 +0000 http://www.cyrillicpartners.com/2007/11/19/opec-considers-dropping-dollar/#comment-20 [...] Dollar peg in May. OPEC is also considering dropping the dollar in favor of a basket of currencies, as we’ve written about earlier this month. The U.A.E.’s move is unlikely to upset the U.S. applecart just as the OPEC move is similarly [...] […] Dollar peg in May. OPEC is also considering dropping the dollar in favor of a basket of currencies, as we’ve written about earlier this month. The U.A.E.’s move is unlikely to upset the U.S. applecart just as the OPEC move is similarly […]

]]> http://www.cyrillicpartners.com/2007/11/19/opec-considers-dropping-dollar/#comment-13 Cyrillic Partners » OPEC Move Wouldn’t Budge Dollar Tue, 20 Nov 2007 21:53:09 +0000 http://www.cyrillicpartners.com/2007/11/19/opec-considers-dropping-dollar/#comment-13 [...] Iran and Venezuela have proposed that OPEC move off the U.S. Dollar as its currency of choice for pricing crude oil, but it’s not going to happen. The political move is designed to further destabilize the damaged dollar, but isn’t getting any traction from Saudi Arabia–the linchpin of any OPEC decision. (See our last story on the subject.) [...] […] Iran and Venezuela have proposed that OPEC move off the U.S. Dollar as its currency of choice for pricing crude oil, but it’s not going to happen. The political move is designed to further destabilize the damaged dollar, but isn’t getting any traction from Saudi Arabia–the linchpin of any OPEC decision. (See our last story on the subject.) […]

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