Iran pres. urges end to dollar supremacy http://hamsayeh.net/economy/1070-iran-pres-urges-end-to-dollar-supremacy.html

Iranian President Mahmoud Ahmadinejad has called for an end to the dollar dominance, as the US economic crisis would lead to further devaluation of the currency.Ahmadinejad made the remarks in a meeting with Russian Security Council secretary, Nikolai Patrushev, in the Iranian capital Tehran on Tuesday, IRNA reported.“Considering that the US Treasury prints dollar and this is how the US budget deficit is reduced by using resources in countries like Iran and Russia, Tehran and Moscow could have useful cooperation to end reliance on dollar,” the Iranian president said.Patrushev, for his part, hailed the suggestion by the Iranian president, stating that there is a huge capacity to increase the level of cooperation between the two countries, using their local currencies.