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U.S. sends dollars to Iraq

WASHINGTON APRIL 16. The United States is airlifting dollars from the New York Federal Reserve Bank to temporarily replace the Iraqi dinar, according to The Wall Street Journal.

As an initial step, U.S. officials charged with the reconstruction of Iraq would use small-denomination notes to make "emergency" payments to the hundreds of thousands of Iraqi civil servants in an effort to quiet civic unrest and to stabilise the economy. The use of the dollar till a new government decided otherwise could prove controversial in the Arab world, the paper said, but it would give the Iraqis a currency that would retain its value.

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