The demise of the dollar
October 6, 2009 by SAF Desk
Filed under News at a glance
By Robert Fisk
In a graphic illustration of the new world order, Arab states have launched secret moves with China, Russia and France to stop using the US currency for oil trading
Iran announced late last month that its foreign currency reserves would henceforth be held in euros rather than dollars.
In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar…..
New Government’s Iran dilemma
May 9, 2009 by Amitabh Tripathi
Filed under Amitabh Tripathi, SAF blog
General Elections in India are in last leg and next week people’s verdict will be wide open. In wake of an anticipated fractured verdict the deadlock for the formation of new government could extend for few weeks but it seems quite clear that it would be either Congress led government or BJP led government at the centre. South Asia forum has specific information that two national parties has agreed upon to this point that regional satraps would not be allowed to lead the coalition and they will be forced to support either of one in national parties. Read more