Somebody said, ‘How is it that Iraq is going to pay me $3 per dinar? How can they afford that?’ First of all they’re filthy rich and second of all they don’t have to just pay you in Iraqi dinars…In order to belong to the WTO all countries use multiple currencies to pay their bills, to buy things, to trade with… (they are being escorted…to be a WTO member) …To be a WTO member you must have no restrictions on your currency. None whatsoever. Your currency must be fully convertible. Wow. That is the definition of Article VIII…IMO the IQD is soon to float internationally…but right now it’s floating internally and you can see that as the USD exchange rate fluctuates right now…
