Middle East Economic Survey
VOL. LII
No 39
28-Sep-2009
IRAN
Iran To Denominate Its OSF Reserves In Euros
Reserves in Irans Oil Stabilization Fund (OSF) will now be denominated in euros instead of the dollar, according to Tehran press reports. The decision was apparently made at the request of President Mahmoud Ahmadinejad, based on a recommendation by the OSF board of directors. The shift was made in an attempt to protect the OSF from the fragility of the US economy and the weak dollar, a radio...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!