Chavez seeks Arab support for oil-backed currency
March 31, 2009 by goldguru · 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 [...]
