[Post 1 of 2] There is new sheriff in town and his name is Donald Trump. What will his policy be towards the Iraqi financial system. Four years have passed since his last administration and there has been way too much progress in the banking and financial reforms to turn back to the days of the prior Trump administration laden with sanctions. I am told by my CBI contact that Al-Sudani is hoping for an invite to visit the new President in Washington, or better yet have him come to Iraq...
[Post 2 of 2] …the CBI is being very cautious to see how the U.S. Trump administration is going to play out. Remember that Iraq is ditching the dollar but Trump has vowed to keep the USD as “the” reserve currency around the world. Remember Iraq just de-dollarized and would luv to get off the Petro-dollar and find another peg or basket of currencies to peg to. I know for a FACT the IMF has been working on this new basket of six currencies for this purpose. Will the US Treasury under the Trump administration accept it? …Let’s see how this plays out…
