Did you know that up until 2006 other countries could only purchase petroleum in US dollars? In 2006 Iran created the Iranian Oil exchange allowing countries to purchase oil in a few other currencies like the euros, yen, yuan and renminbi. This was done to try and eliminate the US dollar from being the world trade currency. As countries dump money and gold into other currencies to purchase, this will cause a rise in inflation in the United States. Most economists believe it w