Iraq Debt Update

[Mtgrown]

Saw this at T and B forum and thought that someone here might be interested on this information.


http://www.jubileeiraq.org/timeline.htm

[Goalie Interference]

So January 1, 2006 is when the "informal" debt moratorium expires, and debt payments begin.

Do you think the debts will be paid with a worthless currency, or a valuable currency? ;)

[Dinardreams]

So January 1, 2006 is when the "informal" debt moratorium expires, and debt payments begin.

Do you think the debts will be paid with a worthless currency, or a valuable currency? ;)
I believe they would have to dish out less money if their currency was at or close in exchange rate value in comparison with Countries owed money....... :happy26:

[Dinaress]

excellent point Goalie!