Millionday still thinks that the dinar will go international (article Viii) this month and so do I.
If Iraq is to metamorphosis into an internationally accepted sovereign country doing business world wide, they must be able to use their own currency.
With oil being as low as it is they barely have enough USD to handle the street let alone the potential for growth and the remittances that would need to be paid in USD.
So if they are ready to “open” their country up to international investments, trade, investment etc. they must have an internationally accepted currency with which to trade.
We all know that there is monies sitting at BIS that belong in the reserves. Turki was the one who set these deposits up when the US released the 80 billion USD equivalents that had been being held in US banks as a result of the sanctions.
I believe we will soon see that money accounted for, for the first time on the CBI’s web site. It will come with the RV and not before.
