Monday, December 23, 2024

MAJEED UPDATE, 23 DEC

 Majeed 

No more Dollar coming to Iraq The central bank has two options

File for bankruptcy Or change the damn rate

Because this is what it means when cash is suspended from one of the biggest banks in Iraq

"Implications of Suspended Cash Transfers: •Foreign Exchange Auctions:

•If a bank cannot receive cash transfers, it may be unable to buy foreign currency at central bank auctions, potentially reducing auction

participation.

•This could disrupt the supply of foreign currency to customers or businesses.

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