They may be crazy, but they ain't stupid.
Funny, AQ did the same things, when we confiscated AQ cash during raids, we found mostly Euros as soon as they were issued. Then about a year ago it started switching back to dollars, now, all the terror $ going into Iraq and AfPak is dollars.
I've often said that AQ's money men are probably terrific investment analysts and traders.....in our own backyards.
:’)