Reply #11: There are loads of references - Google: saddam euros

[Benbow]

and you get pages, eg

http://www.rferl.org/features/2000/11/01112000160846.asp

1 November 2000: "Iraq is going ahead with its plans to stop using the US dollar in its oil business"

from 6 November 2000: "Baghdad this week insisted on and received UN approval to sell oil through the oil-for-food program for euros only after 6 November"


http://www.ratical.org/ratville/CAH/RRiraqWar.html

The Federal Reserve's greatest nightmare is that OPEC will switch its international transactions from a dollar standard to a euro standard. Iraq actually made this switch in Nov. 2000 (when the euro was worth around 82 cents), and has actually made off like a bandit considering the dollar's steady depreciation against the euro. (Note: the dollar declined 17% against the euro in 2002.)

"Saddam sealed his fate when he decided to switch to the euro in late 2000 (and later converted his $10 billion reserve fund at the U.N. to euros) --"

etc etc