Journalist Robert Fisk
reported today that Middle Eastern nations along with China,
Russia, Japan and France are working together to end oil's pricing
in dollars. In what he said were, "secret meetings," finance
ministers are apparently planning on a way to move oil's pricing
into, "a basket of currencies including the Japanese yen and
Chinese yuan, the euro, gold and a new, unified currency planned
for nations in the Gulf Co-operation Council, including Saudi
Arabia, Abu Dhabi, Kuwait and Qatar."
Most notably, he writes:
"The transitional currency in the move away from dollars,
according to Chinese banking sources, may well be gold."
There were no other significant details about the alleged
plans. Fisk, who speaks Arabic, has been voted International
Journalist of the Year seven times and is world renowned for his
conflict reporting. He is the Middle East correspondent for
The Independent.