Can Iraq's Policy Affect the US$ and Euro? Iraq decided to no longer accept dollars for oil... what do you think will be the effect on the greenback and on the Euro?" The burning question in cyber-space today is "Will this policy be limited to just Iraq?" In my opinion, we will see the dollar having to bid for Euro's instead of oil directly. That will reverse the current Euro-Dollar relationship. It will create a high demand for Euro's causing a higher Euro valuation; the dollar will significantly devalue against the Euro by 30% or more. Also, since the Euro...