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June 2, 2010 / Hal (GT)

Iran to sell 45 Billion Euros to buy two strongest currencies.


The middle east countries are certainly in the news and this news item from China is to me further sign that Gold really has regained its position as currency.

Iran to sell 45 bln euros, buy dollars, gold -Xinhua

June 2 (Reuters) – The Iranian central bank has announced that it will sell 45 billion euros from its foreign exchange reserves to buy dollars and gold, China’s official Xinhua news agency reported on Wednesday, citing unspecified Iranian media reports.

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