Dr. Mohamed ElBaradei, director of the UN-spawned International Atomic Energy Agency (IAEA), announced on October 21 that Iranian negotiators have agreed to a draft agreement that will provide for Iran to ship much of its stockpile of low-enriched uranium to Russia for further processing. Though officially an independent agency, the Vienna-headquartered IAEA reports to both the UN General Assembly and Security Council.
The incumbent President of Afghanistan, Hamid Karzai, announced at a Kabul press conference on October 20 that he had accepted the findings of the country's Independent Election Commission (IEC) — which had reduced his margin of victory to 49.67 percent of the vote — and has agreed to a runoff election. (Afghan law requires a runoff when no candidate passes the 50-percent mark.)
Adding to pressure mounting against the U.S. dollar, left-wing Latin American leaders gathered in Cochabamba, Bolivia, over the weekend for the seventh Bolivarian Alliance for the Peoples of Our Americas (ALBA) summit and agreed to create a new regional currency in a bid to stop using American Federal Reserve Notes, according to foreign news reports.