Iraq Collects Oil Revenue in US Dollars

Several videos back, the channel reported Iraq increased its US bond purchase by $21billion USD. Now we are understanding more why Iraq enabled this transaction. At least 80 to 85% of all of Iraq’s oil transactions are done in US dollars. So when Iraq sells billions of dollars in oil revenue, you must remember that is billions in US dollars, not the Iraqi Dinar. (Research Article)

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Sandy Ingram

Sandy Ingram

330 Followers

Retired US citizen traveling the world, now in Mexico during the pandemic; Author/Udemy Online Instructor