Saudi FM Saud al-Faisal warns US dollar could collapse if OPEC considers alternative currency
November 17, 2007, 11:45 AM (GMT+02:00)
The warning was overheard at an oil producing countries?’ session Riyadh over an open microphone in a private meeting in reply to a proposal from Venezuela and Iran to discuss a currency basket for pricing crude. Prince Saud said: ?“My feeling is that the mere mention that the OPEC countries are studying the issue of the dollar is itself going to have an impact that endangers the interests of the countries.?” The microphone was then cut off.
------------------------------------
Suddenly the term ''monopoly money'' comes to mind.
November 17, 2007, 11:45 AM (GMT+02:00)
The warning was overheard at an oil producing countries?’ session Riyadh over an open microphone in a private meeting in reply to a proposal from Venezuela and Iran to discuss a currency basket for pricing crude. Prince Saud said: ?“My feeling is that the mere mention that the OPEC countries are studying the issue of the dollar is itself going to have an impact that endangers the interests of the countries.?” The microphone was then cut off.
------------------------------------
Suddenly the term ''monopoly money'' comes to mind.