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In the same category 
Iran is paying for grain with gold, oil
Published : February 09th, 2012
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Reuters, in its February 09, 2012 article, reports that Iran is paying for grain with gold, oil.

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Iran is seeking to close grain purchases using gold and oil as payment, and has paid in yen for a large volume of wheat in its first deal since western sanctions against Tehran started choking imports of food staples, European wheat exporters said. Iran bought at least 200,000 tonnes of soft wheat on the world market last week for prompt delivery from private sellers - mostly of Australian origin - but some traders said the United States could possibly account for part of the volume.

 

 

Read the rest of the article at www.reuters.com
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