India To Buy Iran Oil in Gold not Dollars

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India To Buy Iran Oil in Gold not Dollars

01/24/2012 presstv.com

“…[T]he vast sums involved in these transactions are expected to boost the price of gold and depress the value of the dollar on world markets.”
India has agreed to pay the price of crude oil it imports from Iran in gold, which makes it the first country to drop the US dollar for purchasing the Iranian [...]

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