Everyone has read September 30 as the day the troops leave Iraq. On Thursday, Iraq’s Ministry of Finance read it differently…”Sovereignty in money…that the financial decision be Iraqi.” …The official rate of 131,000 dinars per $100 is an administrative number, the oil revenue sits at the Federal Reserve Bank of New York, and the physical
dollars arrive as shipments Washington can hold, which it proved in April by blocking a delivery worth roughly $500 million. The ministry that writes the budget just tied the withdrawal date to taking that authority back…The Central Bank of Iraq…gave the sovereignty declaration no comment at all. The one institution whose announcement is the event has let everyone else speak first. :Reset Intelligence
