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Iran to convert 45 billion euros into dollars, gold: report

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posted on Jun, 3 2010 @ 06:27 AM
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They're buying dollars probably because it is more stable than Euro now, and Euro is falling rapidly - if you live in EU you might have noticed that tiny detail. I don't think there's a conspiracy here.

Also, they're not relying on US as one poster said, they're more like owning US, just like China. Remember, these are not native Americans US government "bought" long ago with petty cash, these people plan to fund nuclear arsenals with those dollars.

As for the "market" not changing, it's because those euros were not just burnt away, they were only exchanged for a similar stable currency. Euro isn't quite useless yet so no big deal here. They probably had a good oil deal with EU and don't see that deal paying off if countries like Greece can print Euros.... that's about it.




posted on Jun, 3 2010 @ 07:10 AM
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I can understand gold, but dollar ? Their leader is crazy.



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