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Home » Archives » June 2008 » Ahmadinejad to OPEC: Dump weak dollar

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06/18/2008: "Ahmadinejad to OPEC: Dump weak dollar"


Iran urges the OPEC member states again to convert their cash reserves into a basket of currencies rather than the tumbling US dollar.

"The fall in the value of US dollar is one of the pressing problems of the world today," warned the Iranian president at the conference in Isfahan on Tuesday.

He further expressed concern over the adverse effect of the dollar depreciation on the international community, especially energy exporting countries through increasing the price of commodities like wheat, rice and oilseeds.

On the soaring oil prices, the Iranian president said, "At a time when the growth of consumption is lower than the growth of production and the market is full of oil, prices are rising and this trend is completely fake and imposed."

[ Ahmadinejad is right. And consider this quote from Henry Kissinger: "Control oil and you control nations, control food and you control people. ]

http://www.presstv.ir/detail.aspx?id=60329&sectionid=351020102