France to benefit from Iraq's switch to euro

Published November 16th, 2000 - 02:00 GMT

Iraq's switch from dollars to euros for pricing its foreign transactions will favor trade with France and the rest of Europe, Andre Janier, the head of French interests in Baghdad, said Wednesday, November 15. 

 

"We French think this decision is positive and favors economic relations, especially in the oil sector, between Iraq and France," Janier said in an interview with Al-Jumhuriya newspaper. 

 

"The Europeans and French have an interest in this question since dealing in the euro puts French and European businesses outside the fluctuations of the dollar," he said. 

 

Baghdad, branding the dollar 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)  

 

© Agence France Presse 2000  

 

 

© 2000 Mena Report (www.menareport.com)

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