Monday, October 5, 2009

Back to Business

First of all, I would like to thank the ones who have always asked me to write more in this blog. It was a really busy period for me but now the lectures have begun in my university, many things are becoming raoutines. So it is now time to enlarge the information pile in the blog :)

The Demise of Dollar

Dollar has been going up and down for the last recent months. However the latest news do not bring good news for US economics. The secret negotiations between Arabic states and France, Russia and China indicates that there will be a new currency -consisting of Yen, Euro and Gold- in the marker which determines the petrolueum prices.

"Iran announced late last month that its foreign currency reserves would henceforth be held in euros rather than dollars." (The Independent)