Chávez and Ahmadineyad agree that the dollar empire is collapsing

TEHRAN, November 19.— Venezuelan President Hugo Chávez stated today in Teheran that “the dollar empire is collapsing,” according to ANSA.

“Soon we won’t be talking about dollars anymore because the value of the dollar is in free fall and the dollar empire is collapsing,” Chávez said to a group of journalists.

The Bolivarian leader visited Tehran, coming from Riyadh where he had attended a meeting of the Organization of Petroleum Exporting Countries (OPEC) where Venezuelan and Iranian leaders proposed “de-dollarizing” crude oil operations.

In this capital city, Iranian President Mahmud Ahmadineyad and his Venezuelan counterpart confirmed that two their countries "will be together to the end,” EFE reports.

"Fortunately, we are witnessing the fall of a system of arrogance (the United States) and continuing victories of the people,” Ahmadineyad said during a joint press conference in which Chávez also reiterated his support of the Iranian nuclear program directed towards peaceful ends.

At the same time, Chávez pointed out that the cooperative relations between the two countries are of special importance to Caracas from a moral, political, economic and social point of view, and cited the $4.6 billion in joint investments. Chávez later traveled to Paris where he was received Monday night.

IRAN CUTS LINKS TO DOLLAR

From London, Reuters reports that Iran has effectively cut all ties with the dollar when it comes to oil revenues, according to Iranian authorities.

"This is an economic decision and we've been proven right. Over time the dollar has got weaker and weaker," Hojjatollah Ghanimifard, international affairs director of the state-owned National Iranian Oil Company (NIOC), informed Reuters."

Translated by Granma International

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