In 2000, Saddam Hussein switched to selling petroleum in Euros. At that time it was considered an financially unwise decision, but later it was reported to have won Iraq handsome profits.
- How exactly switching from the USD to EUR made Iraq richer?
- Did Saddam Hussein break any treaty by selling petroleum in Euros?
- How was this change perceived in OPEC?
- Did it influence other OPEC countries to sell petroleum in EUR instead of USD?