Iraqi Dinar Discussion Board

[Panhead]

from the press conference today....thoughts?

Charles P. Ries, Crocker's deputy for economic policy in Baghdad, said in an e-mail that both the Iraqi constitution and Iraq's arrangement with the International Monetary Fund prohibit spending the nation's reserves. The amount in Iraq's accounts, he said, is not "abnormally high to back up the dinar, given the size of the economy and their dependence on a single commodity for most of export revenues."