From Project Censored
''The Euro has begun to emerge as a serious threat to dollar hegemony
and U.S. economic dominance. The dollar may prevail throughout the
Western Hemisphere, but the Euro and dollar are clashing in the former
Soviet Union, Central Asia, Sub-Saharan Africa, and the Middle East.
In November 2000, Iraq became the first OPEC nation to begin selling
its oil for Euros. Since then, the value of the Euro has increased 17%,
and the dollar has begun to decline. One important reason for the
invasion and installation of a U.S. dominated government in Iraq was to
force the country back to the dollar. Another reason for the invasion is
to dissuade further OPEC momentum toward the Euro, especially from
Iran- the second largest OPEC producer, who was actively discussing a
switch to Euros for its oil exports.''
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