Cairo – (IINA) January 28 – Euro will replace US dollar in all financial transactions of the Parliamentary Union of the Organization of Islamic Countries (OIC) member states. The Union’s Executive Bureau passed a resolution during its meeting yesterday to adopt Euro instead of the declining US dollar, according to a WAM report.
The dollar ‘de-pegging’ will not reflect on the contributions of the 57 OIC member countries, estimated to reach 128 million dollars this year.
HA/IINA
28 Jan 2008
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