Saddam Switched Iraq's Oil to Euros | Then America Invaded Iraq — Coincidence?
Includes videoWhy was Iraq invaded?
In 2000, Saddam Hussein's government made a decision that received surprisingly little attention from the average American: Iraq requested that its oil sold through the UN Oil-for-Food Programme be priced and paid for in euros instead of U.S. dollars.
The United Nations approved the change, and Iraqi oil purchases under the programme began using euros in November 2000. Contemporary reporting documented the decision and Saddam's stated opposition to the dollar.
Then, less than three years later, the United States invaded Iraq.
Was the currency decision connected to the invasion?
That is the question this footage explores.
The petrodollar theory argues that maintaining the dollar's dominant position in global oil markets is strategically important to the United States. From this perspective, a major oil producer abandoning the dollar could represent a challenge to the monetary system underpinning American economic power.
Iraq's move from dollars to euros is a documented historical fact.
What that decision meant—and whether it contributed to the decision to invade Iraq—is where the debate begins.
Follow the money. Follow the oil. Follow the currency. Then look at the timeline.