ArabNews.com - "Iran, Oil and Euros: The War Scenario" (2-21-06)

What if Iran succeeds in creating another currency other then the US dollar for the oil industry? What would that mean for our economy if the Euro took the dollars place? According to this Arab news source, several countries and large companies are more then happy to make the switch. This news site also claims Washington is playing up Iran's nuclear program so they can attack Iran and stop it from creating this system. Arab News also mentions the Federal Reserve's decision to stop publishing M3 data which tracks how many US dollars are held by foreigners. Upon visiting the Federal Reserve site, they site different reasons.

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