IRAQI " Público Deposited
SWISS DINARS"
The E-Sylum: Volume 6, Number 21, May 25, 2003, Article 14
IRAQI "SWISS DINARS"
On Tuesday, May 20, The Wall Street Journal provided an
update on the Iraqi currency situation. See The E-Sylum
v6#07, February 16, 2003 for the original discussion."Eager to stabilize Iraq's shattered economy, the Bush
administration wants the country to print a fresh supply of its
pre-1991 Gulf War currency -- the last national bank notes
free of Saddam Hussein's portrait -- and expand their use
nationwide.""...they say the best course is to replace existing "Saddam
dinars" with a new issue of "Swiss dinars." Since 1990, the
Swiss dinar, so called because of its stability, has circulated
only in the Kurdish north, an area not under Mr. Hussein's
control.One option the Treasury is considering is printing new notes
on existing presses in Baghdad, if they are operational. The
drawback is that the presses apparently produce low-quality
bills; the Saddam dinars have an almost-homemade appearance
that facilitates counterfeiting."- 2003-05-25
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