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The demise of the dollar - Business News, Business - The Independent
www.independent.co.uk/news/business/news/the-demise-of-the-dollar-1798175.html, posted 2009 by peter in business china finance oil politics usa usdollar
In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar.