OPEC interested in non $US currency

[kimchi]

Obviously this call at the OPEC heads os state summit in Riyadh on Sunday was led by Ahmadinejad and Chavez, but if they can get past the brown-nosing King Abdullah and start trading oil in a basket of non-USD currencies (read less soft currencies) then this could put huge selling pressure on the USD. I wonder what the Chinese and Japanese would do with all their holdings if this were to happen?


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'They get our oil and give us a worthless piece of paper,' Ahmadinejad told reporters after the close of the summit in the Saudi capital of Riyadh. linkage

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The man does, after all, have a point.