Executive order 13303

[EverCurious452]

Folks on this site constantly claim they do not pay any attention to those silly "gurus".   Yet among the persistent themes many here keep repeating is the importance of Executive Order 13303.  That it is what allowed US citizens to invest in Iraq including allowing the purchase of Dinars.  This is of course nonsense.  It is not illegal to hold currency of another country even if there are sanctions against doing business with (businesses in) that country.  EO 13303 signed by President George W Bush on May 22, 2003 has nothing to do with granting rights to anyone but of removing them nor has it anything to do with currency  Its all about protecting the Development Fund for Iraq (the DFI) from lawsuits.

 

Read it here on the whitehouse archives

https://georgewbush-whitehouse.archives.gov/news/releases/2003/05/20030522-15.html

or here on the wiki

https://en.wikisource.org/wiki/Executive_Order_13303

 

Please point out where it says anything about allowing investment or allowing US citizens to own Dinar.

Edited May 22, 2020 by EverCurious452
gramar