Sandy Ingram

Article:  “Central bank sales exceed 800 million last week”  Based on the Middle East News feeds it is important…The total sales of the Central Bank of Iraq through the window of selling hard currency to the dollar during the past week amounted to more than 800 million dollars.  This news flash leads me to believe Iraq is becoming More and more like Panama each day, however Panama’s currency is valued at 1 to 1 against the US dollar…Is Iraq hanging on to the US dollar so tightly because the foundation of their wealth is in US dollars?  Meaning the oil revenue?  …this is a massive amount of exchange for the US dollar in one week.