The spokesman said the exact date of the oil exchange opening on Kish Island was still unknown.

Some media reported Monday that oil would be traded exclusively in the European currency at the Iranian exchange.

Experts said the transition to euro from dollar in payments for oil could cause a default of the U.S. currency. All oil deals are currently made in dollars, allowing Washington to maintain permanent demand for the national currency.

source: globalresearch.ca
Transmis par Mike