The plan of this was actually announced... what? two years ago?
Did your "mainstream" media clue you in? Or were they busy distracting you with garbage?
Iran, OPEC's second-largest producer, has completely stopped conducting oil transactions in US dollars, a top Oil Ministry official said Wednesday, a concerted attempt to reduce reliance on Washington at a time of tension over Tehran's nuclear program and suspected involvement in Iraq.
Iran has dramatically reduced dependence on the dollar over the past year in the face of increasing US pressure on its financial system and the fall in the value of the American currency.
Oil is priced in US dollars on the world market, and the currency's depreciation has concerned producers because it has contributed to rising crude prices and eroded the value of their dollar reserves. "The dollar has totally been removed from Iran's oil transactions," Oil Ministry official Hojjatollah Ghanimifard told state-run television Wednesday. "We have agreed with all of our crude oil customers to do our transactions in non-dollar currencies."
Iranian President Mahmoud Ahmadinejad called the depreciating dollar a "worthless piece of paper" at a rare summit last year in Saudi Arabia attended by state leaders from the Organization of Petroleum Exporting Countries. Iran put pressure on other OPEC countries at the meeting to price oil in a basket of currencies, but it has not been able to generate support from fellow members -- many of whom, including Saudi Arabia, are staunch US allies.
Nah, it must be propaganda. Everyone knows the dollar is as strong as ever. Who would turn it away?
"Vicious lies by foreign media!!"... you hope (or maybe that shoud be "mope")