DINARLAND HIGHLIGHTS, 15 SEPT
Jeff
...Iraq can only pay [contracts with the Iraqi dinar]. For example I told you that they signed that contract with GE for 1.2 Billion dollars. Because of Article VIII Iraq can only make payment with their currency - the dinar. They cannot use the US dollar. So in order for them to make payments... their currency has to be internationally recognized. GE is not going to accept payment with a
...Iraq can only pay [contracts with the Iraqi dinar]. For example I told you that they signed that contract with GE for 1.2 Billion dollars. Because of Article VIII Iraq can only make payment with their currency - the dinar. They cannot use the US dollar. So in order for them to make payments... their currency has to be internationally recognized. GE is not going to accept payment with a
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