It is capital information (and not CAPITALISTS) which explains the recent fall (even more than before) of the dollars.
It's a 99% chance, the only real reason for the concerns that the USA is making of Iran ...
December 2007 Iran stops accepting US dollars for oil. [24]
January 2008 Iran's Finance Minister Davoud Danesh-Jafari told reporters that the bourse will be opened during the anniversary of the Islamic Revolution (February 1-11). [1].
February 2008 On February 4, the Iranian Cabinet approved the creation of the oil Bourse in two stages - first a raw oil exchange and secondly an oil byproducts exchange. The Ministry of Finance and Economics, the Oil Ministry, the Ministry of Foreign Affairs, and the Central Bank of Iran are required to create a workgroup to coordinate the project, and the Iran Commodities Bourse Company is given the task of carrying out the project. The communique from the Cabinet states that the "Ministry of Finance and Economics is required to take measures in making the petrochemical by products Bourse operational by the end of February 2008." [25]
[edit] Opening ceremony
On February 17, 2008, the Iranian Oil Bourse was inaugurated in a video conference ceremony from the capital Tehran attended by ministers of oil, finance and economic affairs as well as chairman of Iran's Stock Exchange and a number of other officials and financial experts. [4] The transactions will be made in Iranian rial, yen, euro and other major currencies. [5] The Iranian Oil Bourse will likely accept Russian ruble more. [6] The first transaction of the IOB took place at 9:30 the following morning, when 2200 tonnes of light duty polyethylene, held in 100 tonne cases, were traded. [3]
No French media has spoken about it ... what is this delirium ????
This is extremely important information: oil quoted in something other than dollars !!