MarkZ
[via PDK]
Auctions in Iraq have been occurring. I was told by a contact over there that this is the final part of their de-dollarization.
Article: “The Iraqi dollar and the first day “passed peacefully” The Central Bank is innocent and free for the dinar”
According to Iraqi Press today is the first day without the auctions. I am feeling good about auctions ending which should mean a new rate. I am told Iraq was reducing their reserves to de-dollarize the market. This in anticipation of a rate change.
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