
Next, Treasury Secretary John Snow outlined the plan for establishing a new currency in Iraq. There were
two currencies: the Swiss dinar in the north, and in the south the Saddam dinar with Saddam’s picture plastered
on the front of each bill. After the takeover, Snow said, they would want to make sure no more Saddam dinars
were printed, and existing stashes would be seized to prevent hyperinflation. Once Saddam was gone, they
would have to pay people to keep the economy going, he said.
Snow’s favored option for an interim replacement currency was the American dollar. In the first Gulf
War, U.S. banks had frozen nearly $1.7 billion in Iraqi assets, and under the Patriot Act the president could
seize the money permanently. It would take more than three 747 jets to transport the currency to Iraq.
Bush approved the interim U.S. dollar plan but wanted to make sure people in Iraq, pensioners
articularly, would get a raise of some sort, yet not so much as to distort the economy. Instead of Saddam on
their currency, Iraqis would soon get former American presidents Washington, Jackson, Lincoln and Grant as
well as early American heroes Hamilton and Franklin.
THAT AFTERNOON
, Bush met in the Oval Office with Rice, Hadley, Card, Bartlett and Gerson. The fate of the
second proposed U.N. resolution was still uncertain, but the president was going to have to say something
ublicly about it. How would they frame the reaction to a U.N. vote? Bush could issue an ultimatum to Saddam
to get out of Dodge—a favorite expression in the Bush family—or he could just announce the beginning of
military action because Saddam had not complied with the first resolution, 1441.
The president had made it pretty clear that it would be an ultimatum. He asked Rice what was going on at
the U.N., and again expressed impatience with the drawn-out, disorderly process. The Brits, Chile and Spain all
had proposals floating. After much back-and-forth, Gerson was told to work on two speeches: one assuming a
veto of the second resolution by the French at least; another that assumed a reaffirmation of 1441.
But at the core of the dithering over the U.N. resolutions was Blair’s fate. It was very much on Bush’s
mind. If Blair’s government fell, it would be a real disaster they all agreed.
At the Pentagon press briefing the next day, March 11, Rumsfeld indicated that the British might not
articipate if there was war. “That is an issue that the president will be addressing in the days ahead, one would
assume,” Rumsfeld said.
“What the fuck are you doing?” an official from the British embassy in Washington immediately asked
Rumsfeld’s office. It was insulting. The British army had 45,000 troops in the region—nearly half the British
ground force. Every British news organization would soon be calling around to the Pentagon, the embassy and
10 Downing Street asking, What does that mean? Are the Brits pulling out?
Rumsfeld issued a personal clarification saying he had “no doubt” that the British would give their full
support to any attempt to disarm Iraq. “In the event that a decision to use force is made, we have every reason to
believe there will be a significant military contribution from the United Kingdom.”
On March 11, Rice issued to the principals “A Summary of Conclusions,” classified Secret, that codified
what had been agreed upon at the NSC that morning. That way any of the principals could comeback and
request revisions if the memo did not reflect what they believed had occurred. The summary laid out how an
Iraqi interim authority would be set up as soon as possible after liberation. It would include Iraqis, Kurds and
opposition exiles. A Baghdad conference would be convened “to broaden the base,” as had been done after the
Afghanistan war, to name interim leaders and “to assist in the establishment of a new democratic government.”
The document summarized the briefings given to the president on currency, oil and reformed bureaucracy.
AT
7:15
A.M.
Wednesda
, March 12, the
resident and Gerson huddled over two drafts—
oth ultimatums. The