Report: Arab States in Secret Talks to Drop Dollar

POSTED: Tuesday, October 6, 2009 - 12:02am
UPDATED: Friday, April 13, 2012 - 9:52am

The world's oil producers, as well as China, Japan and France, are in secret talks to end the use of the U.S. dollar to buy and sell crude oil, a British newspaper reported on Tuesday, sending the American currency lower in overseas trading.

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