Qatar to switch from waning greenback

[nico]

I think this is very serious, considering UAE soon joining Iran and Qatar to move away from $$$$$$$$$$$$. In the last gulf summit the Iranian president urged the other states to move to another currency.
Check this:

http://english.aljazeera.net/NR/exeres/E49D19DD-7B23-4B4F-BD4B-865EF0BDC11B.htm

If Saudi Arabia joins them then !!!!!!!!!!!!!!! you know what.

[Ash]

Considering Qatar is run by people who are good friends with political and business elites of USA,and more importantly, get to stay in power, i don't think it is going to happen. However, if it happens, I'll be very glad.

After Breton Woods, they've completely the destroyed the notion of currency by removing gold standard. Currency itself is not supposed to have any value- it represents a written contract that if someone gives it to you, then he is legally entitled to have certain amount of products or services.