VOL. XXXI

NO. 4

2-NOVEMBER-1987

OPEC/NON-OPEC

Iran Proposes Using SDRs for Oil Currency Base

In the light of the current economic crisis in the US Iran has called uponthe oil producers to unpeg the price of oil from the dollar. "In view ofthe severe economic crisis which has began in the US, continued basing of oilprices on the dollar would mean the spread of the crisis to all oil exportingcountries," according to a statement issued on 29 October by Iran'sPolitical Council - an influential inner...