The UAE plans to convert dollar reserves

The UAE plans on converting 8% of is dollar reserves to euro by the end of 2007 more and more countries selling or converting their dollar reserves

Source

Yeh, smart move. Now incur the wrath of the west

Well I imagine hat UAE been very close allies and personal friends to the Bush family and our nation, will be persuade into holding a littler bit longer.

Until our country get their hands in the Iraqi oil and starts production.

Who knows our nation always have a way of persuasion that is very well known.