Mnt Goat
...I know for a FACT that the rate of 1/6 of a penny is a “suppressed” rate and being “artificially manipulated”.
Just with all the assets Iraq now has without any banking reforms or any other economic development, the rate should be at least what it was prior to the 1991 invasion and the 10 year boycott plus even more..
Desert Advisor
Article: "Iraq allows transactions in Chinese yuan as it seeks to avoid US restrictions on use of the dollar"
that's a big deal. They're getting away from the US dollar...
Quote "The decision came after the return of an Iraqi delegation from a visit...to Washington" They got approval from Washington it seems...They banned people from dealing in US dollars also [in their local markets], another big move...they don't want to use he dollar anymore.
Walkingstick
They never had a budget before. Now to have three in a row?
A three-year budget does not work with a program rate...Based on what you're seeing this monetary reform is really developing well.
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