Oil producing countries are not benefited much from the current oil prices, he said.
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Dollar Should Be Replaced
... said Iranian President Mahmoud Ahmadinejad at a news conference in the third summit of the OPEC
Iranian President Mahmoud Ahmadinejad said at a news conference in the third summit of the OPEC that it is necessary to replace U.S. dollar with other major hard currencies in oil trading.
"There should be a credible and good currency to take over U.S. dollar's role and to serve oil trades," he said.
Oil producing countries are not benefited much from the current oil prices, he said.
"The money had come to a handful of super-rich capitalist," he said, calling for the establishment of an specialized bank named "OPEC bank" to safeguard the interest of OPEC member states in the oil trading.
Oil producing countries are not benefited much from the current oil prices, he said.
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