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Pan-Arab Currency?

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Old 12-16-2009, 03:35 PM   #1
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Pan-Arab Currency?

There have been many talks about this lately. It looks like it might become a reality.

Gulf petro-powers to launch currency in latest threat to dollar hegemony - Telegraph

What Sayeth The Mob?
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Old 12-16-2009, 04:30 PM   #2
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Re: Pan-Arab Currency?

First step to economic liberation from the west. Sounds like a great idea for them, not so much for the dollar and the euro.
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Old 12-16-2009, 04:38 PM   #3
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Re: Pan-Arab Currency?

Isn't there already a "Pan Arab currency" that they suck out of the earth at an alarming rate?
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Old 12-16-2009, 05:14 PM   #4
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Re: Pan-Arab Currency?

Quote:
Originally Posted by BleedBurgundy View Post
Isn't there already a "Pan Arab currency" that they suck out of the earth at an alarming rate?
That's a commodity. To buy, sell, or trade in that commodity you must use American dollars. The Arabs don't want any more because the value of their transactions are becoming less profitable.
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