26.10.2009 15:20
YEREVAN, October 26, /АRKA/. U.S. dollar is going through dire times. Despite some signs of economic recovery in the United States, the confidence in the American currency is slow to pick up.
A deep-seated debate over commodity dealings was rekindled by an article in the British newspaper The Independent earlier this month claiming that China, Japan, Russia and France were in secret talks with Gulf Arab states to stop using the U.S. dollar for oil trading.
The respectable newspaper said finance ministers of these countries and heads of their central banks had had several focusing d on switching over a nine-year period 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.
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