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Iran will open it's new oil bourse (oil stk mkt)in the next few days,according to Davoud Danesh-Jafari ,Iran's finance minister.At a time when the American dollar is already soft,the selling of Iran's oil in Euros is expected to further devalue the American dollar.Some even go as far as to suggest that it will end the U.S. dollar hegemony.
The grand opening will be during the ceremonies that mark the victory of Iran over the U.S. puppet dictator who ruled over Iran in the 70's,prior to the Islamic revolution.Feb 1 - 11 2008
The location of the bourse will be the Island of Kish in the Persian Gulf.
