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Guru Sandy 1/23/23
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Guru Sandy 1/23/23
by Ssmith Mon Jan 23, 2023 2:24 pm
it is no longer just one or two stories about the money situation in Baghdad. It has become a major unique report news on the International feeds coming out of Iraq…it appears the United States government is placing checks on currency auctions…the check and balances system are hurting Iraq’s public finances.
Iraq is facing a deepening hole in its public finances because of a crackdown on corruption and dollar smuggling…The Iraqi government depends on the auctions to convert dollars…they sell oil in U.S. dollars and then they turn around and change it into the Iraqi dinar for the Iraqi dinar economy…the problem Iraq is facing now is Iraq does not have enough Iraqi dinars and because of this they do not have enough money to pay government workers salaries and other obligations.
Iraq is facing a deepening hole in its public finances because of a crackdown on corruption and dollar smuggling…The Iraqi government depends on the auctions to convert dollars…they sell oil in U.S. dollars and then they turn around and change it into the Iraqi dinar for the Iraqi dinar economy…the problem Iraq is facing now is Iraq does not have enough Iraqi dinars and because of this they do not have enough money to pay government workers salaries and other obligations.
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