Bessent…walked through who is coming back…Venezuela, sanctioned and shut out, is coming back to invoice in dollars. The Iranians…”will be invoicing in dollars.” Russia…would want back in once the war in Ukraine ends…The sanction is the stick. The dollar is the door. Clean books are the toll…Notice Iraq was not on Bessent’s list…because Baghdad is furthest along that road…Venezuela and Iran are being told to do what Baghdad has already spent more than 3 years on. Washington cut off many of Iraq’s banks in late 2022. Iraq has been rebuilding its dollar access under American supervision ever since, working down the checklist…On June 22 the central bank said its restricted banks are in the final stages of reintegration, and in the same breath denied any plan to change the exchange rate. That denial is the tell.Reset Intelligence
