Syria switches to euro amid confrontation with US

[Pharaoh]

DAMASCUS (Reuters) - Syria has switched all of the state's foreign currency transactions to euros from dollars amid a political confrontation with the United States, the head of state-owned Commercial Bank of Syria said on Monday.

"This is a precaution. We are talking about billions of dollars," Duraid Durgham told Reuters.

The bank, which still dominates the Syrian market although private banks have been allowed to set up in the last few years, has also stopped dealing with dollars in the international foreign exchange flows of private clients.

http://today.reuters.com/news/newsArticle.aspx?type=worldNews&storyID=2006-02-13T153028Z_01_L13432231_RTRUKOC_0_US-SYRIA-US-FOREX.xml&archived=False

[Wilms]

1. Kick

[yodermon]

2. Isnt this precisely what Iraq did

or threatened to do, before we invaded them?

[Pharaoh]

3. The Oil Bourse is a different thing

This is just saying"hey, we're not going to play with you guys anymore"..............we will be seeing a whole lot more of this soon,

They will stop buying our stuff(hell we don't make anything anymore anyway!)

It is the only way the rest of the world can fight us cause we have too much military power.....