GOLDILOCKS
Executive Order 13303 has been lifted:
"Protecting the Development Fund for Iraq and Certain Other Property in Which Iraq Has an Interest"
The lifting of this executive order 13303 and the movement from that account to an Iraqi2 account allows Iraq to trade their oil revenue payments in the Iraqi dinar, instead of, the dollar.
The protections of the United States Dollar mechanisms is no longer needed for Iraq since they are integrated into the Digital Asset Based Trading System at this point.
We just recently witnessed their auctions being done successfully on these new digital mechanisms, and it secured their money in the transfers very well.
The oil production of Iraq will now be traded in the Iraqi Dinar. It will begin to place price pressures and demand for the Iraqi Dinar going forward. Let's take a look at the areas of disbursements this will affect for Iraq. See below paragraph.
"Disbursements: To date, disbursements from the DFI have been in support of the wheat purchase program, the currency exchange program, the electricity and oil infrastructure programs, equipment for Iraqis security forces, and for Iraqi civil service salaries and ministry budget operations."
These new demands now being traded in the Iraqi dinar will create price pressures that form new price actions on the market. Appreciations on a country's currency making these moves are expected.
Watch the water.
© Goldilocks
https://www.kurdistan24.net/en/story/34475-Iraqi-economy-faces-threat-as-US-closes-oil-revenue-account
https://ofac.treasury.gov/additional-ofac-resources/ofac-legal-library/executive-orders-eo
https://govinfo.library.unt.edu/cpa-iraq/budget/DFI_intro1.html
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