Jeffrey Frankel of Harvard (Financial Times): “imposing the dollar on Iraq could also feed widespread fears of US imperialism. The politics would get even trickier if, as in Argentina, the arrangement hit a crisis - for example, as a consequence of an increase in US interest rates.... My proposal for Iraq, therefore, is to...define the value of the dinar as one-third of a dollar plus one-third of a euro, plus one-hundredth of a barrel of oil.”
A Dinar Fix?
