Gulfnews: EURO - Dollar losing currency among Opec nations
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EURO - Dollar losing currency among Opec nations
With the rise of the euro, the appeal is to using a basket of currencies and, of course, the dollar's steady slide over the past few years, using the US currency to price oil is falling out of favour. At least that is what what Venezuela's Energy Minister Rafael Ramirez told reporters last Friday."The need to establish a basket of currencies... will probably be a point of discussion in the next Opec summit," Reuters reported Ramirez as saying.
