dinsdag 6 oktober 2009

Dollar will be replaced as monetary unit for oil


According to the British newspaper "The Independent" Russia, France, Japan, China and the Arab Gulf States are considering to replace the Dollar as monetary unit for oil by a basket of currencies. This basket would then contain some of the more important currencies of this moment, like the euro, the yen, the Chinese yuan and the future single curency of the Arab Gulf States. Gold could be used as a transitional currency in anticipation of getting off the dollar. The head of the Saudi central bank, Mohammed al-Dschassir, however, has declared that Saudi Arabia has never even considered this.
Ruben De Schrijver

2 opmerkingen:

EcoEnglish zei

put 'however' between commas
HAS declared
HAS never considered

EcoEnglish zei

According to the British newspaper "The Independent" Russia, France, Japan, China and the Arab Gulf States are considering to replace the Dollar as monetary unit for oil by a basket of currencies. This basket would then contain some of the more important currencies of this moment, like the euro, the yen, the Chinese yuan and the future single curency of the Arab Gulf States. Gold could be used as a transitional currency in anticipation of getting off the dollar. The head of the Saudi central bank, Mohammed al-Dschassir, however, has declared that Saudi Arabia has never even considered this.