Iraq Calls for Balanced Bilateral Trade With India

http://news.outlookindia.com/items.aspx?artid=753569

The only way it will work is to get the balance of trade more in line with a barter system.

Under a gold standard if the balance of trade gets too far out line the gold gets drained from the non productive countries stopping them from trading and causing them to adjust.

Gold is used as the payment for the difference and only works when the differences are small.

It will also work better the more countries they get involved.