[thackney]

A point in history.

October 31, 2000
The United Nations Sanctions Committee approves an Iraqi request to be paid in Euros, rather than United States dollars, for oil exported under the "oil for food" program, which is part of the sanctions regime stemming from Iraq's 1990 invasion of Kuwait.

[Smokin' Joe]

October 31, 2000

The United Nations Sanctions Committee approves an Iraqi request to be paid in Euros, rather than United States dollars, for oil exported under the "oil for food" program, which is part of the sanctions regime stemming from Iraq's 1990 invasion of Kuwait.

SUre. It cut down one step for the payola going out to the ministers in France, Germany, and Russia, and reduced the paper trail for the bribes.

IIRC, though, Saddam had tons of gold and a considerable stash of currency in large metal boxes--in dollars.