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Wednesday, September 28, 2016

Total CEO Calls for Increased Use of the Euro

July 6, 2014

Total's chief executive officer (CEO) Christophe de Margerie

Total's chief executive officer (CEO) Christophe de Margerie

 

French oil giant Total (TOTB.F)'s chief executive officer (CEO) Christophe de Margerie said on Saturday, although they can not do without the dollar, but the euro should play a more important role in international trade.

BNP Paribas was after U.S. regulators astronomical fines, some have called on the EU level to find ways to enhance the euro in international trade. Margerie was in answer to questions related to this.

"To get rid of dollars, which is unrealistic, but if you increase the use of the euro will benefit," he told reporters. He also said that although oil is quoted in U.S. dollars, but it also does not mean that the actual payment in U.S. dollars.

French finance minister said on Thursday that euro zone finance ministers will discuss ways to enhance the use of the euro in international trade at the monthly meeting Monday.

"When outside the U.S. territory in the country fully legitimate transaction, which is a measure to protect the enterprise," said.



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