Remembering the destruction of Libya

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https://www.theguardian.com/business/2003/feb/16/iraq.theeuro

Iraq nets handsome profit by dumping dollar for euro​

This article is more than 21 years old


Faisal Islam, economics correspondent
Sat 15 Feb 2003 20.55 EST


A bizarre political statement by Saddam Hussein has earned Iraq a windfall of hundreds of million of euros. In October 2000 Iraq insisted on dumping the US dollar - 'the currency of the enemy' - for the more multilateral euro.
The changeover was announced on almost exactly the same day that the euro reached its lowest ebb, buying just $0.82, and the G7 Finance Ministers were forced to bail out the currency. On Friday the euro had reached $1.08, up 30 per cent from that time.

Almost all of Iraq's oil exports under the United Nations oil-for-food programme have been paid in euros since 2001. Around 26 billion euros (£17.4bn) has been paid for 3.3 billion barrels of oil into an escrow account in New York.
 
The world didn't get any better overnight?
 
Is this place some sort of middle east terrorist sympathiser zone.
 
Thumbpicker said:
Go suck up to your mate Gadaffi...
Click to expand...
That’s so dumb man. Every time someone is critical of US foreign policy you think it means they “Support” or “Love” your supposed enemy. Sorry to have to tell you this, as I know you’re in your fifties, but the world is not black and white.
 
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