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Iran Seeks Alternative to Dollar Amid Oil Sanctions


March 1, 2012 4:51 AM EST March 1 (Bloomberg) -- Global supplies of gold are probably too small to be used to pay for Iranian oil, as OPEC's second-largest producer seeks alternatives to the dollar. Iran will accept payments from trading partners in gold, as well as non-dollar currencies and wheat. Lara Setrakian reports from Dubai on Bloomberg Television's "First Look" with Caroline Hyde. (Source: Bloomberg) (Bloomberg)

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