Wednesday, August 17, 2016

Chavez seeks Arab support for oil-backed currency

March 31, 2009 by · Leave a Comment 

By Brian Murphy, Associated Press DOHA, Qatar — Venezuelan President Hugo Chavez sought Arab support today for a proposed oil-backed currency to challenge the U.S. dollar in his latest swipe at Washington’s dominance in global financial affairs. It’s highly unlikely Chavez will gain any serious momentum for his “petro-currency” proposal at a summit of South [...]