Fnu Lnu
[Response to Guru MarkZ's "In Iraq-It appears the final step in de-dollarization is happening" post from 1-4-2024 below] [Dinar Guru]
Mark as well as many others seem to be confused by the actions of the CBI...The "AUCTION / CURRENCY WINDOW" is indeed closed.The reported sales of one billion in four days is NOT being done at auction.
That was turned over to the banks which is why they were enabled with international currency exchange platforms. This way, monitoring of all exchange functions is done in real time and not centralized.
Scrutiny of participants in exchanges are likewise monitored and vetted in real time. No more fraudulent exchanges for smuggling purposes.