Ditching the U.S. Dollar, Video Interview With Robert Fisk
Currencies / US Dollar Oct 06, 2009 - 12:28 PM GMTBy: Submissions
Gulf states have held secret talks with Russia, China, Japan and France to replace the US dollar with a basket of currencies in the trade of oil, the UK's Independent newspaper says.
The report by Robert Fisk, the newspaper's Middle East correspondent, was published on Tuesday and cited unidentified sources in Gulf Arab states and Chinese banking sources in Hong Kong.
Al Jazeera has this exclusive interview with Robert Fisk and Steven King, chief economist from the HSBC Group.
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.
© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.
