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Pastimes : ClownBuck Deathwatch -- Ignore unavailable to you. Want to Upgrade?

To: Tom Smith who wrote (45)	9/17/2000 4:12:15 AM
From: patron_anejo_por_favor	Read Replies (2) \| Respond to of 329

Iraq considering payment for oil in Euros...if this gains some momentum, it bodes ill for the ClownBuck: arabia.com\|28727,00.html Iraq wants to stop trading in US dollars A committee of economists is to study the possibility of using the euro or any other currency instead of the dollar in the commercial transactions September 14, 2000, 12:18 PM BAGHDAD (Reuters) - Iraqi top leaders on Thursday said they wanted to stop trading with the US dollar and replace it with the euro or any other currency. The Iraqi News Agency, quoting a statement by the cabinet after a meeting chaired by President Saddam Hussein, said that the planned move was to confront the "daily American-Zionist aggression" against Iraq. "The cabinet has decided to assign a committee of economists with the task of seriously studying the possibility of using the euro or any other currency instead of the dollar in the commercial transactions of our foreign contracts," the statement said. "...The US dollar is one of the levers of our enemy's influence and power on both regional and international levels," it said. The United States and Britain are enforcing no-fly zones in northern and southern Iraq to protect a Kurdish enclave in the north and Shi'ite Muslims in the south from possible attacks by the Baghdad government forces. Air strikes on Iraq have become regular since Baghdad decided in December 1998 to challenge US and British jets patrolling the zones. Iraq is still the subject of 10-year old trade sanctions by the UN.