Iran demands oil pay in yen not dollars
RolandTD20Kdrummer
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http://business.timesonline.co.uk/tol/business/industry_sectors/natural_resources/article2070938.ece
The dollar fell against the yen this afternoon on reports Iran has asked Japan to stop paying for its oil in dollars
Robert Lindsay
The dollar was driven down against the Japanese yen this afternoon, hit by the news that Iran had asked Japan to pay for its oil purchases in the Japanese currency and not in dollars.
Iran has sent a letter to Japanese refiners, signed by Ali A Arshi, the general manager of crude marketing and exports for Iran's national Iranian Oil Company, according to a report by Bloomberg.
The letter asks for yen payments "for any/all of your forthcoming Iranian crude oil liftings." The request is for all shipments "effective immediately".
Japan's oil payments to Iran rose 12 per cent last year to 1.24 trillion yen (£5 billion).
The dollar fell against the yen this afternoon on reports Iran has asked Japan to stop paying for its oil in dollars
Robert Lindsay
The dollar was driven down against the Japanese yen this afternoon, hit by the news that Iran had asked Japan to pay for its oil purchases in the Japanese currency and not in dollars.
Iran has sent a letter to Japanese refiners, signed by Ali A Arshi, the general manager of crude marketing and exports for Iran's national Iranian Oil Company, according to a report by Bloomberg.
The letter asks for yen payments "for any/all of your forthcoming Iranian crude oil liftings." The request is for all shipments "effective immediately".
Japan's oil payments to Iran rose 12 per cent last year to 1.24 trillion yen (£5 billion).
Progress is not made by everyone joining some new fad,
and reveling in it's loyalty. It's made by forming coalitions
over specific principles, goals, and policies.
http://i36.tinypic.com/66j31x.jpg
(\__/)
( o.O)
(")_(")
and reveling in it's loyalty. It's made by forming coalitions
over specific principles, goals, and policies.
http://i36.tinypic.com/66j31x.jpg
(\__/)
( o.O)
(")_(")
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