Could this be the beginning of the end of Dollar Hegemony?
The Central Bank of Iran says the process of converting the country’s dollar reserves to other foreign currencies has been completed.
The process of diversifying Iran’s foreign exchange reserves by converting reserves held in dollars to other currencies is almost complete, Fars news agency quoted Tahmasb Mazaheri, President of the Central Bank of Iran, as having told the American publication, The Emerging Market.
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Towards a new reserve currency system? the end of the US dollar? read more:
http://lambertmbela.wordpress.com/2009/04/09/towards-a-new-global-reserve-currency-the-end-of-the-u-s-dollar/