ronscarpa Posted January 22, 2023 Report Share Posted January 22, 2023 REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt .... Especially if it comes from Mark... RON Sandy Ingram Urgent Urgent news...it is no longer just one or two stories about the money situation in Baghdad. It has become a major unique report news on the International feeds coming out of Iraq...it appears the United States government is placing checks on currency auctions...the check and balances system are hurting Iraq's public finances. [Post 1 of 2] Sandy Ingram Iraq is facing a deepening hole in its public finances because of a crackdown on corruption and dollar smuggling...The Iraqi government depends on the auctions to convert dollars...they sell oil in U.S. dollars and then they turn around and change it into the Iraqi dinar for the Iraqi dinar economy...the problem Iraq is facing now is Iraq does not have enough Iraqi dinars and because of this they do not have enough money to pay government workers salaries and other obligations. [Post 2 of 2] enig Article: "How did the US “shock policy” affect the price of the dollar in Iraq?" Quote: "A report published by the American Wall Street Journal on Friday, shed light on the dollar crisis in Iraq and the accompanying rise in the prices of food and imported goods...The newspaper quoted US and Iraqi officials as saying, "The Federal Reserve began last November to impose stricter controls on Iraqi commercial banks' dealings in dollars, in a move aimed at curbing money laundering and illegal access to dollars to Iran and other countries subject to severe sanctions in the Middle East." 1 8 4 Quote Link to comment Share on other sites More sharing options...
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