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Posted: 5/9/2003 5:57:41 PM EDT
[ON FOX News, no net link yet] The found Iraq National Bank intact, filled with [B]US Dollars[/B], Iraqi dinar. [B]Why was did it have american dollars in it?[/B]
Link Posted: 5/9/2003 6:04:20 PM EDT
[Last Edit: 5/9/2003 6:07:52 PM EDT by raven]
Foreign currency reserves. Every major central bank keeps a reserve of US dollars or SDRs (a basket of the 5 or 6 most widely exchanged and stable currencies) to back up its banking system and to facilitate trade. I mean, do we pay for oil from Iraq in dollars or Dinars?
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