Article: [Iraq sells bonds to local citizens for the first time since 2003 ]
Were they already selling bonds?
What they were doing was selling bonds to anyone who had US dollars, it was meant to raise money internationally to get more US dollars into Iraq as they can and now this last campaign Iraq is selling bonds specifically to Iraqi citizens for the US dollar and they’re concentrating on it.
So they tried to sweep in a lot of US dollars from outside of the country and now they are trying to sweep up the US dollar even more inside of Iraq.
You’re watching the US dollar being pulled out of the market.
You’re watching the build up of the reserve with the US dollar from bonds.
You’re watching them build up their gold reserve.