tender = ? bids = ?

[NewHopeR]

Context:

"The tender, for which bids are due by June 10, switches the transaction back to dollars -- the international currency of oil sales - despite the greenback's recent fall in value. Saddam Hussein in 2000 insisted Iraq's oil be sold for euros, a political move, but one that improved Iraq's recent earnings thanks to the rise in the value of the euro against the dollar." [2]

More:

The Real Reasons Why Iran is the Next Target:

[BobK]

Have you tried a dictionary? Neither 'tender' nor 'bid' is particularly obscure.

b

[NewHopeR]

Have you tried a dictionary? Neither 'tender' nor 'bid' is particularly obscure.

b

Of course I did before posting. But I was overwhelmed by so many definitions from my E-C, E-E dicts...

[5jj]

There are only three definitions of the noun ‘tender’here: Definition of tender | Collins English Dictionary

Only the first two definitions of the noun ‘bid’ here can be relevant: Definition of bid | Collins English Dictionary

That should make things easier.