Report: Arab States in Secret Talks to Drop Dollar

POSTED: Monday, October 5, 2009 - 11:02pm
UPDATED: Friday, April 13, 2012 - 8:52am

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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