Sunday, December 15, 2024

TIDBIT FROM MARKZ, 15 DEC

 MarkZ

   [via PDK]   in Iraq: “Central Bank governor opening foreign channels to foreign currencies eliminates the black market” they are talking about partnering with neighboring countries and carry more of a “basket of currencies” so they do not need the US dollar for trade. 

Including Jordan, Saudi Arabia, and different countries around them. 

 They want to split the value of the Iraqi dinar based on gold, oil, reserves and a basket of partnering currencies. This should mean a much higher value for the Iraqi dinar. They are making “real world moves”  to support the value of their currency.

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