Dumping the dollar: Iraq\'s highpoint of 2000
Iraq's switch from dollars to euros for pricing its foreign transactions was the economic highpoint of 2000, according to a poll of economists published Tuesday.
Around 50 economists and university students questioned by the economic weekly Al-Iqtissadi said the switch was "the most important economic event of the year 2000".
According to those polled, the move also had a "great political importance because it helps reduce the trade and financial hegemony of the United States".
Baghdad, branding the dollar "the currency of an enemy state" and a tool of US hegemony, has embraced the euro as part of its battle against Washington, which led a military coalition in evicting Iraqi forces from Kuwait in the 1991 Gulf War. — (AFP, Baghdad
© Agence France Presse 2000
© 2001 Mena Report (www.menareport.com)