Dumping the dollar

This was coming for some time, I guess:

In July Iran will ditch the dollar in favour of the euro as the currency in which it will accept payments for its oil and natural gas exports, Iranian president Mahmoud Ahmadinejad announced Friday.

There's been a lot of talk about this move, and some feel it's no small factor in Bush's current appalling campaign of saber-rattling against Iran.
(Saddam made noises to this effect as well.)

Anyway, the thought that this would weaken the dollar—preposterous! The buck's in GREAAAATTT shape.