European Union Forums

[Olly]

In the most profound financial change in recent Middle East history, Gulf Arabs are planning to end dollar dealing 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 (independent. co. uk/news/business/news/the-demise-of-the-dollar-1798175. html).
Well done! Here I can see some profit from Arabs at least. I say, it’s high time to move from a weak dollar as a reserve currency. That will cut down Americans to size! At last Yankees with its dirty green notes will stop dictating their will in prices all over the world! The current financial crisis – it’s the US fault and now it’s time for them to feel all the ‘delights’ of it on its own skin.

[Faw_Peter]

an encouraging news ... America will finally understand that we can live without her presence in daily life. They probably already have understand that this autumn... after rapid devaluation of the dollar

[G44r4]

does it make that much of a difference?
money is money right?

[Benn]

does it make that much of a difference?
money is money right?

Of course it makes... Money also control the economic market, by stronger or weaker position.. so who's currency has higher position on the market has a higher influence in world economy.

[G44r4]

ah srry you're right !