From Mike Ewens at AWC blog comes this: Iraq’s Dinar Gives Geenback a Run for its Money, and its paragraph with unintended irony:
“The big jump has caused financial difficulties for Iraqi businessmen who have their capital in dollars, as well as for Iraqis receiving their salaries in dollars from foreign employers. They have seen their spending power undercut in the marketplace where, despite the influx of dollars under the US occupation, the money of choice is the dinar.”
How a 24-Year-Old Got a Job Rebuilding Iraq’s Stock Market (WSJ$):
“Mr. [Jay] Hallen says he understands the frustration but urges traders to be patient. ‘What they need to understand is that we’re not reopening the old Baghdad stock market,’ he says. ‘We’re building an entirely new one.’ Trader Hussain Kubba pointed recently to a wall-size chalkboard in his office showing stock prices from the day before the market closed. ‘The prices are a fraction of what those shares are worth today, but no one can take advantage of that until Mr. Hallen and the Americans stop dillydallying,’ he said.”
