Martin Morris This email address is being protected from spam bots, you need Javascript enabled to view it reported on Monday, 21 September 2009 in the Arabian Business this news item from Iran:

"Iran's President Mahmoud Ahmadinejad has ordered the replacement of the US dollar by the euro in calculating the value of the country's Oil Stabilisation Fund (OSF).

The edict, issued on Sept 12, follows a recommendation by the trustees of the country's foreign reserves, Iran's English-language daily The Tehran Times said on Monday, citing Iran's semi-official Mehr News Agency.

The move was taken because the government wishes to protect itself from the fragility of the US economy and the weak dollar." continue reading article at source

Comment

There is nothing wrong with such a move, as the US economy is really in a bad shape, while the FED continues printing money out of thin air. However, this is Iran who is taking the step, not others. Thus, how will this effect Iran - US relations in the midst of the so-called "iminent Iranian nuclear bomb" crisis?

To begin with, it is worth noting that the last time a state dared to take this step was followed by a war waged by the USA, which resulted in the occupation of that country until this very day. (Ps. If you havent figured it out yet, it was Iraq under Saddam Hussein). See: Iraq was no longer going to accept dollars for oil being sold under the UN’s Oil-for-Food program, and decided to switch to the euro as Iraq’s oil export currency. (Peter Philips, Censored 2004, Story #19: U.S. Dollar vs. the Euro: Another Reason for the Invasion of Iraq)

No wonder the propoganda machine against Iran is raging these days. See this next news item related to Iran:

SAUDIS WILL LET ISRAEL BOMB IRAN NUCLEAR SITE

By Gordon Thomas and Camilla Tominey

"INTELLIGENCE chief Sir John Scarlett has been told that Saudi Arabia is ready to allow Israel to bomb Iran’s new nuclear site.

The head of MI6 discussed the issue in London with Mossad chief Meir Dagan and Saudi officials after British intelligence officers helped to uncover the plant, in the side of a mountain near the ancient city of Qom." continue reading at source

Well, Iran is not just important for this one reason alone. Thats not worthwhile a war.

Iran is rich in natural gas, so needed for the new pipeline constructed by EU to save it from its gas dependency on Russia (which likes to cut heating gas on Europeans in the middle of each winter).

Iran is also rich in oil.....

Iran is right in the middle between Afghanistan and Iraq.....

It seems from the hype around Iran that something has been coocked for Iran, probably something like another  "weapons of mass destruction" and "regime change"....more "democracy" for the Middle East.

Halleluya!