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Breitling says Iraq is selling bonds specifically to Iraqi citizens for the US dollar
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Breitling says Iraq is selling bonds specifically to Iraqi citizens for the US dollar
Breitling
article [Iraq sells bonds to local citizens for the first time since 2003 ] Were they already selling bonds?
What they were doing was selling bonds to anyone who had US dollars, it was meant to raise money internationally to get more US dollars into Iraq as they can and now this last campaign Iraq is selling bonds specifically to Iraqi citizens for the US dollar and they’re concentrating on it.
So they tried to sweep in a lot of US dollars from outside of the country and now they are trying to sweep up the US dollar even more inside of Iraq. So that’s HUGE news for us.
It means everything…here we are, you’re watching the note count being reduced. You’re watching the US dollar being pulled out of the market. You’re watching the build up of the reserve with the US dollar from bonds. You’re watching them build up their gold reserve.
Ponee- Admin
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Re: Breitling says Iraq is selling bonds specifically to Iraqi citizens for the US dollar
No, we are watching them desperately trying to raise money because exports can not meet the budget with oil prices where they are. The last issue of bonds went nowhere, and they were denominated in USD, what makes you think these will?
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