[Response to Guru MarkZ’s “In Iraq-It appears the final step in de-dollarization is happening” post from 1-4-2024 below] 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.
Above mentioned Post is below
MarkZ [via PDK] In Iraq-It appears the final step in de-dollarization is happening…that is what I was told…although my one contact told me to not worry and this is de-dollarization before the change…but, The central Bank of Iraq is claiming they sold one billion in 4 days. They keep saying auctions have stopped but we are seeing evidence they are still moving foreign currency. We are not sure what is going on – but we are watching it. Things are quite confusing.
