Iran Wants Oil Payments In Euros Only

[Purveyor]

Iran indicated on Friday that it wants to settle payments for its new and outstanding oil sales in euros and not in dollars or any other currencies.

Reuters has quoted an official from the National Iranian Oil Company (NIOC) as saying that the rule applies to newly signed deals with France’s energy giant Total, Spain’s refiner Cepsa and Russia’s Lukoil.

"In our invoices we mention a clause that buyers of our oil will have to pay in euros, considering the exchange rate versus the dollar around the time of delivery," the NIOC source, who has not been named, has told Reuters.

Iran has also told its trading partners including India that owe it billions of dollars that it wants to be paid in euros rather than US dollars, added the person.

The NIOC source further emphasized that the Central Bank of Iran (CBI) had instituted a policy while the country was still under sanctions to carry out foreign trade in euros.

MORE...

http://www.presstv.ir/Detail/2016/02/05/448836/Iran-wants-oil-payments-in-euros-only-

[nichomachus]

1. Ruh roh. Saddam threatened this, and look what we did to him.

[cprise]

4. All the destabilized ME countries tried this. US policy says:

U.S. to Ensure Dollar Remains Top Reserve Currency
http://www.bloomberg.com/news/articles/2015-12-01/lew-says-u-s-to-ensure-dollar-remains-leading-reserve-currency


Ruh-roh indeed. If either Clinton or a Republican gets in, they will go after Iran.

[JessL]

2. Yike's.

Pissing people off maybe....

[GoneFishin]

3. Now we are getting much closer to the real reason the neocons and corporatists are so eager to bomb

the shit out of Iran.

[newthinking]

5. Russia is now selling oil to China in Rubles as well