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De-Dollarisation Drive: Why Iraq Has Decided to Abandon the US Dollar | Vantage with Palki Sharma
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- เผยแพร่เมื่อ 21 พ.ค. 2023
- De-Dollarisation Drive: Why Iraq Has Decided to Abandon the US Dollar | Vantage with Palki Sharma
In a bold move, Iraq has prohibited transactions in US dollars. This surprise announcement last week was an effort to stabilise the Iraqi Dinar. But increasingly, the US dollar’s dominance is being challenged in West Asia. Palki Sharma tells how the de-dollarisation trend is catching on.
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US | US Dollar | De-Dollarisation | Iraq | Saudi Arabia | American Dollar | Dollar | West Asia | Iraqi Dinar | Vantage | Trending News | Firstpost
#us #dollar #dedollarization #iraq #saudiarabia #middleeast #americandollar #dinar #currency #vantage #trendingnews #firstpost
Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.
The show is anchored by Palki Sharma, Managing Editor, Firstpost.
By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories - making Vantage a destination for thought-provoking ideas.
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Is the US dollar losing its dominance?
Leave a comment and let us know your thoughts.
The sanctions they made know all countries over the world, misuse of US dollar.
They made this mistake themselves. No one can save them.
No
Hell yeah! 2020 - 2026 or else!~ EXODUS
Yes and contrary to what many indians think that it is China which is asking these countries to abandon the dollars, its NOT! These countries are already facing economic crisis like majority of the nations post wars, Covid and now ukraine war. The only option they see is to abandon the dollars which has been killing many economies worldwide.
everything that have a beginning will end so as the evil dollar an the devils in Washington will come to an end
The next economic catastrophe will be worse because we cannot afford to bail it out like we did the last time. Last time, it should have been worse, and honestly, it wasn't as horrible as it should have been. Furthermore, those who default on their debts will be people with good credit scores and loans with higher interest rates, making the situation much frightening in many ways. Furthermore, we now have inflation depreciating the dollar and markets, when we didn't back then (apart from high gas prices).
Inflation is producing a slew of problems throughout the world, including food shortages, diesel and heating fuel shortages, and housing prices and financial market crash. It's all coming together, and by the end of the year, it may be a complete disaster.
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I'M NEW TO BTC AND I'VE BEEN MAKING LOSSES TRYING TO MAKE PROFIT MYSELF IN TRADING...I THOUGHT TRADING ON DEMO ACCOUNT IS JUST LIKE TRADING THE REAL MARKET... CAN ANYONE HELP ME OUT OR AT LEAST ADVICE ME ON WHAT TO DO?
All you need as a beginner to make good profit from cryptocurrency is a professional trader who will trade on your behalf else you may make losses.
That is true, you need an expert trader to make good profit from cryptocurrency trade
And this is the perfect time to invest in cryptocurrency because of the rise in cryptocurrency.
Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor their trade.. I will advice you to stop trading on your own it's very risky. Seek advice of a professional trader.
@@noraemelda3714 How can someone know a professional trader that is trustworthy when legit ones are hard to find this days.
As Iraqi person I'm really happy what Iraq is doing should done it long time ago . well done 👍🏻
Other ways to save money is to invest in cryptocurrency. The Americans are unable to restrict that.
Russia, is setting the world free from the U.S dollar, by giving them confidence and sticking together. This will go down in the history books, the fall of the U.S and NATO's Empire.
Happy days will come to us all, after decades of warmongering from the bullying western leaders, once the dollar is dead.
Well done Iraq !!!
It does not make a difference, Iraq is tiny economically and impoverished!
@@kennylucano3560gold Is the best way
You keep your money we'll keep our foreign aid!
The media is currently barraged with a lot of economic data right now. It takes a lot to see beyond the whole ocean of news on focus on what is important, which is that no matter how low stocks go, they always bounce back. I really ignore all the news and keep investing. I recently allocated about $121k to put in the market as we anticipate a crash. Any recommendations?
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buy gold or silver, mostly gold since last time when we had pegged currency the west was more leaning towards gold or buy some real estate like farmland. That is what I would do. But I do know that before, the american government wouldn't allow private ownership of gold so they confiscated all the gold from everyone so idk what to tell you lol.
Good the dollar is the root of all evil
🤡
replace "all" with "much".
The root of all evil is a national currency that said nationals are too scared to use.
I love the way Firstpost ditched the Eurocentric term "Middle East" and started using "West Asia" as it should be
Nah Asia is too big...and too diverse... Middle East was a perfect term... Usually a term for a region should describe common geographies / problems / solutions / ideologies... Middle East is a different beast altogether and better clubbed separately (I am not talking about plate tectonics or anything, just purely political boundaries, because otherwise there is no such thing like separate Europe as well, all could very well be Asia).
@@nyxawesome9409 no
@@nyxawesome9409 West Asia, that's West of Asian continent, sounds perfect to me just like East Asia, South Asia
Indians always say West Asia, the media and academia are very conscious of its usage. It also lets the Indian diaspora in Arab countries work together with a common Asian identity.
@@PhotonShower Yes
To be dependent on one currency makes the issuer of the money do whatever they want and punish whoever they want. I’m glad people are realizing this and acting.
China forces Chinese to use Chinese currency. The value of Chinese currency is pegged to the USD. The Dollar is here to stay.
@@deker0954 You have no idea of what you are talking about.
You totally evil Armando. Let say you country does about 1 trillion US dollars in economy. But world does over 54 trillion US dollar in one year. Your small country cannot hope to allow people to use your currency your to teeny tiny, you see Globalization crash and burn. Children would starve in their homes because Armando doesn't want their country to buy food for their children. You are heartless monster.
@@deker0954 google BRICS
@@jeffmason2691 Ad hominem attacks are not a very convincing argument about why you think he is wrong. What fiat exactly do you think will replace it? The dual-priced RMB? 😂😂
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would suggest you thoroughly evaluate the companies you have invested in and their estimated future performance, as we may expect to see the market decline further. To minimize stress and improve efficiency, it might be wise to seek the assistance of an investment advisor to help restructure your portfolio and identify any underperforming investments to offset. This approach has been successful for me and has reduced my stress levels.
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Federal Reserve may soon lose control of interest rates, claims Heresy Financial. This comes as a result of the United States government's intention to embark on a $1 trillion borrowing spree. This might cause the banking sector to lose so much liquidity that rates spiral out of control and are no longer in the control by the federal reserve. I'm sorry to say that despite investing, I lack the mental capacity to evaluate each company's performance and decide whether or not now is a good moment to acquire stocks. My reserve of $650K is being wiped out by inflation and the recession. Sincerely, I have no idea what to do.
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This is Great News for Iraq. It's time for IRAQ to use their own currency. No more dependency on the US. Stop courruption and build their private sector creating Dinar IQD Strength. Yes, it will be tough in the beginning but it's what is needed. Iraq is an Oil Rich Nation. Act like one.
This, USA has only brought death and destruction to us.
Yeah, yeah, forbid Dollars, later forbid Euros, later forbid Yen, Yuan and wherever, instead of make good monetary policies.
Every country must stop using the dollar.
including USA ! - go all BITCOIN
Praying for my Iraqi people. Don´t let these scumbags invade you again because they are butthurt about this!
Yes you need Saddam Hussein back! Also throw in chemical Ali for good measure!
@@jslade60 Im sure they would rather have Saddam back than deal with garbage the USA put them through.
@@jslade60 and there was no weapons of mass destruction nothing American government lied period they just wanted the oil now that they announced dropping the American dollar America going back in to build a base in the middle of their oil field
ONLY SILVER 🥈 And Gold 🪙 ARE MONEY 💰💰
@@jslade60 you americans líke to invade and forget. You had no reason to be in Iraq. Those terrorist where Saudi nationals. But they all the same to you Americans.
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DONT FORGET IT BOT, stuff your worthless money where the sun aint shining!
Bot Scammer ALERT‼️🚨🤖🚨
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**Iraq exists**
**The USA bombs it back to the stone age**
“Here’s why Iraq is abandoning the dollar.”
But America prohibited Iraq from using their money anyway 🤷🏽♂️ they're trying to act like they're d Dollar rising American currency but the truth is America is stopping them from using it anyway 😒
@@cliftonmobile123 There is huge difference between your government controlling your economy and foreign government. You don't get it? Imagine the same situation with computer chips or cars. Country produces its own cars and buys American cars. Americans issue an update to all American cars preventing them to turn on the engines.
Even if its temporary you should be mad if you are not banning American cars in your country forever, completely and ASAP.
Simple
th-cam.com/video/4BhmtuZU3cM/w-d-xo.html
Sanctions and limiting access to the dollar is digging the grave for the dollar.
you mean digging the grave for the Dinar
@@masterstacks2030 Russia uses rubles, not Dinars
@@masterstacks2030 That's not how it Works Lmao the Only way to Put it in Grave is To Ditch it, Every Country will do it sooner or Later
Looks like America will have to go find those WMDs again. For real this time. 😂
😂
Well done Iraq ❤️🌹👏🏾👏🏾👏🏾
Iraq is dead. It will not rise for a long time. It really doesn't matter what it does.
so what do they use, physical cash I hope
Good for them, after what the US did to them . who can blame Iraq. America has done this to themselves, KARMA!!!
Ye such a big loss that goatf kin extreme mslim woman haters wo surcumstance and marry 12 yo childs as a 4th wife in the kitchen.
Are you believe in hindus karma philosophy
The market and the Fed consistently underestimate the sticky nature of inflation. The markets are still unsure if the Federal Reserve will continue to its plan to raise interest rates until inflation is under control, despite the fact that bond yields are rising while stock prices are falling. What is the greatest strategy to take advantage of the current bear market while I'm still deciding whether to sell my $400k worth of stocks?
Yes I concur, I've been talking to an advisor for long now, mostly because I lack the knowledge and energy to deal with these ongoing market circumstances. I made more than $220K during this slump, demonstrating that there are more aspects of the market than the average individual is aware of. Having an investing counselor is now the best line of action, especially for those who are close to retiring.
@@Justinmeyer1000 we’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides you help?
@@bradley0.0 My Financial Advisor is Christine Jane Mclean’’. I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can run a quick online research with her name if you care for supervision. I basically follow her market moves and haven’t regretted doing so.
@@Justinmeyer1000 Thank you for this Pointer. It was easy to find her handler, She seems very proficient and flexible. I booked a call session with her.
Iraq is finally standing up for itself. Saddam has the last laugh.
🤣🤣
Because Saddam was a man of the people?
@@HughJass-jv2lt Actually, in many ways yes. Like Gadaffi was the man of the people...One take EURO to sell their oil, the other wants to create one Africa currency backed by gold, both dead and their countries destroyed...
@@loveblindhate9318
🤣🤣
Fair enough.
Yes, I suppose when the *PETRODOLLAR* finally Breaks...
Saddam will get to laugh.
But, honesty, I think Momar deserves to have a bigger Laugh.
Iraq was Iraq.
but Libya was going to be a JEWEL of AFRICA.
@@HughJass-jv2lt Depends how you define de-dollarization. USD will still be in use just that our sanctions won't be effective anymore. We won't be able to oppress countries using financial means...But Libya was the Jewel of Africa, #1 oil producer in all Africa, the richest country in Africa, zero homeless. Build the world largest water irrigation system. The most successful Socialist country ever until China's rise...We have American oil companies pumping oil for them. We even had America oil company high school in Tripoli...Do you know when we sanctioned Libya in the 80's and 90's for Americans to go to work in Libya we have to get Canadian passport to enter Libya?
@@loveblindhate9318
Yes.
Very sad about Libya.
I'm just hoping I live long enough to see the U.S. get their comeuppance 🔥🔥🔥
I'm still crying about the loss of GADAFFI. because of such zealously for being the only economic leader. Every country wants fair economic growth.
Jeremiah Yopole Gaddafi an economic leader ???? Really ?????? His people were starving and only a handful of people had the money ..him family and friends.. that’s how great he was ... you are a joke mate
The same administration that toppled Gaddafi is now back in power :/
Every country has it unique geographical resources and productivity and shouldn't be forced to trade according to the value of a foreign currency. Doing so will only create unfair advantages for a certain country. Therefore, without a dominant currency, trade between nations can work toward better fair trade condition.
agree
ONLY SILVER 🥈 And Gold 🪙 ARE MONEY 💰💰💰
De dollarization is the only right way for all countries except USA. The world needs a new monetary systen that allows domestic currencies to become free from keeping reserve currency in dollar.
Yea, your focusing on wrong thing who cares. Right now America is making 15 new upgrades to it's F-35 fighters jets from propulsion to radar, and weapons. Right now your country fighters jets are falling apart due to lack of parts. Get off you lazy a** and make sure your not falling behind.
de dollarization is a CCP propaganda
More like multiple currency systems so no one country can destroy another country’s economy
HILARIOUS
They use $US because their own economy is a basket case. You get people to use their national currency by creating trust in the economy and not ordering it. This is going to end in tears.
Why the whole world will downgrade dollar use ? just too risky, just fake value, just too much of a weapon.
You are over-estimating the purpose of dollar. Literally no other country except the USA cares about USD. It served us good as a common stable currency for a while, but when it stopped being money (backed by gold) and when it started being weaponized (assets / reserves of entire countries being seized only because they were in USD) USD lost its utility. You should blame Biden and his silly policies and refrain telling the world what they should do.
Like u said, its a weapon, a very powerful one.
The beginning of the end of US hegemony and cruelty
🤣🤣🤣
In your dreams 😂
God sent Putin, may god bless and Russia cos u opened our eyes mostly Africa.
KABEER ALMIGHTY GOD 🙏🙏...🙏
What ? Africa bro open ya eyes africa leaders are the reason for African backwardness except you are not African . West African Central African and Southern Africa or Northern Africa is filled with corrupt bankrupt countries . Doubt me and link you to a statistic so you can open your eyes or shut up if you aren’t africa
🙏🏼
🤣🤣🤣🤣
Russia is 'indirectly' fighting for humanity with China's backing...
Also the American dollar is shrinking in value every where things cost more even in America
What a wonderful job 👏 🇮🇶
When the dollar is used as weapon, this is one consequence.
The time has come. Everyone knows who the good and bad guys are.
Maybe in the global south, in the West you know most are brainwashed by the Corp media that are owned by few of the same people on the same team....
fool there is no good and bad guys only bad guys
@@infernobat8325 I guess you are a bad guy...
@@loveblindhate9318 your guess is 100% wrong
@@infernobat8325 IMO, 99%+ of humans are inherently evil...So my guess was 99%+ correct...You and I are in that 99%+ group...From your analysis, we are all BAD...
Sweet revenge by Iraq! 👏👏👏
so, in other words, USA just had checkmated Iraq with $. this situation is a warning to all other countries holding too much $ reserve especially for Asian nations.🙏
The de_dollarisations is a necessary for the whole world , it is a most period .
Yessss
Thank you FirstPost, excellent production.
To be honest that’s pretty much what the war with Iraq was about. They were the first to talk about the gold dinar.
Yup. Same thing with Libya. Only reason they went after Gaddafi. The tides turn and the pressure is now back on the assailant.
That was a Libya project. Iraq announced the intention to denominate its oil in Euros right before the invasion, which would have been more profitable for Iraq at the time.
It was about time. And Iraq should have dumped the dollar 20 years ago.
In America we went back too the Gold / Silver standard with President JFK. Then his was removed from office.
They tried to, they were gonna sell their oil in Euro´s then the USA lied that they had WMD´s.
Maybe they couldn't do it then, once NATO had finished it's killing spree, they would have been in a mess financially. The U.S either bombards their countries, or sends people into the country to spark civil war. I think they've done it to Imran Khan in Pakistan. He probably wouldn't go along with their WEF plan to control the world.
They tried. It was why they got invaded in the first place. Like Libya.
Let me guess they will take the digital slave dollar?
Every nation has learned a hard lesson from Sri Lanka Dollar turmoil.
So, that is why the USA is establishing a new military base in Iraq.
Many countries using US dollar in their local business due to their own currency value against dollar. This is a kind of punishment for countries who do not obey rules.
if you are a country that exports things then that would be a benefit actually. If not then yes it is a curse.
@@nbell5050 It is a shame for a sovereign country any which ways. It is a reflection of failure.
REPOST: Imagine if all of the G7/NATO decided to work with the BRICS instead of spending every second of their lives trying to destroy BRICS. Peace on Earth would prevail. The US internal infrastructures and issues would truly see hope. With that said, for world peace, and fair economic growth without fear of US coup, sanction, invasion, and bombing, NATO must fall. The BRICS must continue to rise and help the rest of the world.
Well said. The U.S and it's NATO allies must fall, just like the Roman Empire,only faster. The U.S and colonial bullies and the WEF, don't want peace, that's why they planned this awful war, ten years ago. They want to rule the whole world, not share it. That's why they have to get rid of the two countries who are the biggest threat to their evil plan. Russia and China.
Lol. BRICS 😂
@@rebeccaaldrich3396 Comments like that just show you know nothing about the BRICS charter or how close they are to taking over the global financial stage so here's some info you won't find on CNN.
The new proposed BRICS members would create an entity with a GDP 30% larger than the United States, over 50% of the global population and in control of 60% of global gas reserves and over 65% of the world's oil reserves. #BRICS = Gold backed currency, trading with no sanctions, China's Belt & Road Initiative which contains almost 75% of the global population and OPEC now trading in the Petroyuan so the Petrodollar is as good as dead. A dollar that is weaponized and based on debt is useless to everyone except those who print it. Say goodbye to US global hegemony while their focus is on bullying other countries, plundering natural resources of other nations and warmongering. BRICS didn't threaten war with 7 countries in 9 days like the US did last month. Times are changing for the better.
Keep dreaming
It’s literally a communist team vs a democratic team u think they would ever get along ?
As always Palki. Your presentation is excellent.
The end of American dollar 😅😅
The end of American bullying
No but they keep saying for over thirty years now. LOL 🤣
No. Dollar is King!
I think it is justified.
Why do we even need one global or one reserve currency to begin with?
When I think you can work out with many.
The problem is how do you value trade. If you order a barrel of oil for $60 from Iraq, you know that you have to get usd from the bank to pay in a month when the oil shows up, and the iraquis will take your usd, as they can change it into any currency like sheckles, yuan, euro etc. Now if you try to pay with 2000 inr notes, the iraquis won't take it as the rupee notes are hard to change and they may not want to buy sarees from India, but cell phones from China. Any business is happy with usd
Excellent 👍👍👍👍
We work for years to have , $1million while some people I know put thousand of dollars in some meme coins and they become millionaires.
You are right, to be a successful person in life require him or her of hard work and time
The thing about been successful is working toward it and not going the other way round
It's obvious everyone is doing this online Investment
@@Perla.pagoyo I totally agree with you it has been an eye-opening experience for a lot of people.
Talking about been successful. I know I am blessed if not I wouldn't have met someone is as spectacular as Stacy Garric
Let's get this into perspective. The US$ has several major roles in international finance: as a currency of settling international transactions, as a reserve currency, as a pricing mechanism of commodities and other raw materials and specially oil and gas.
It is NOT likely that it all these roles can be easily replaced by any existing or new currency soon. However, it does seem that many countries are serious about finding alternatives.
De-dollarization for Russia is out of necessity due to sanctions and for China is a sensible policy, as the US has weaponized the dollar. It has frozen Russia's international reserves and blocked the Russian banks from the international settlement system SWIFT. It is clear to all that the US can do the same to any other nation in the future, including China, India or whoever.
The Chinese Yuan is not going to replace the US$ as it is not a freely floating currency, and also it is subject to flow of funds. Therefore those who want to limit their risks to the US$ will try different approaches: use the Yuan for some transactions, try to use domestic currencies (does not always work, Russia does not want Indian Rupees, for example), try to establish a new basket of currencies.
A good solution could be establish a new basket of currencies based on the strongest economies of the Global South, not limiting to BRICS, and should be backed by gold to give it international confidence. In this way the Global South can bid farewell not only to the US$ but also G7. Game, set and match.
Your perspective is the most "rational" so far, yes China has made LARGE investments all over the world: SEA, Australia, Africa, South America, Australia, etc. AND U.S.; Chinese people (in my little opinion) are shrewd businesspersons, "some" returns of investments are to be expected.
@@PeterParker-gt3xl China will try to promote it's Yuan as an alternative to the USD but there are drawbacks: first the Yuan isn't a free floating currency. It's exchange rate is managed by the Central Bank of China. Secondly, there are exchange controls on the free movement of funds in and out of China. Either they have to remove these drawbacks or work on a basket of currencies. We are likely to witness many alternatives being presented in the near future, not only by China but by the Global South in general.
Awesome 😂🎉🎉
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@Patric Lundqvist Fo*l, you're going to get sc*mmed
Excellent summary .. thanks 🌹
About time!
Our Queen is back telling it like it is.. without you ( You tube ,). Feels empty... Stay safe and more beautiful ❤️❤️.. Palki you are the best..❤
@no1youknowz a foolish man he is !
I still miss hearing her say
_WOO•HAN_ *FLU!*
🤣🤣
About time, the US has no right to interfere in the affairs of foreign countries whenever they feel like it. If they were a good global citizen with outstanding morals and ethics, then it wouldn't be so bad but recent history since WWII has shown otherwise.
Since 1945, the world has lived under Pax Americana, which is law and order.
Alternative proposed systems are coming from totalitarian regimes who associate themselves together i.e. BRICS. None of these countries have attractive soft power like USA. If you live and breathe right now, it’s under Pax Americana, the longest global peace times ever. You want to change that to Russia and/or China, where human life has poor value? God bless America!
The end is here for America. They brought it upon themselves.
85% of the world's debt is held in $US. The US or its dollar is going nowhere. The Iraqis have just been using $US because their own currency is unreliable and often worthless. To remedy the situation, the Iraqi govt needs to build trust in their currency and not just order that trust.
As soon as I saw her face, I clicked on the video! I LOVE her reporting! 🎉 It’s been so long omg!
I Wanna Say Something😳/The U.S Dollar Is Sinking Like Titanic.
not
Thank you for saying West Asia
🌏⌛📢 Awesome...how this world is coming 't' an 🔚..
Palki... Keep the good job going 🙏
Saddam Hussein already did that in year 2001, when he banned using USD to transact with Iraq, especially on their natural resources , instead used EUR, therefore the 🇺🇸🇬🇧🇵🇱and 🇦🇺 invaded Iraq on the lies of WMDs, Iraqi gov't allegiance with Al-Qaeda and involvement in 9/11. I hope 🇮🇶 survives any possible aggression by the 🇺🇸🇬🇧🇵🇱and 🇦🇺
One Day Dinar will become the Currency.
The Ruh.
If your hands reach too far into other people's pockets, you assume the risk of your hands being cut off your arms someday.
A Masterpiece saying 👌
And Muslims Take that Literally ✂️🙌, Off Course the Time has Come for the Thieves
Very good information & educative ✍️🇮🇳
This is great hope and news for the whole world, no more regime change and sanctions and government overthrowing 😇
What a time to be alive!!!
Good news!
The "ban" is for domestic trade/business, meaning you can't buy or sell goods for personal or business purposes in Iraq using U.S. dollars. Isn't it that way in most countries? I'm surprised the $ was being used on the street instead of the Iraqi Dinar ($1 = 1,306. dinars). The way she says it makes it sound like Iraq has banned international trade with payments in U.S. dollars. Presumably, when they sell oil to other countries, they still want to be paid in $ and not Iraqi dinars.
I am not so sure, Saudi willing to take Yuan for their export of oil to China outside SWIFT...Maybe Iraq willing to take Rupees when selling to India the same way...With US sanctions and their funds been frozen by SWIFT, it means if they sell their oil in USD via SWIFT system that money does not belong to them...
@@loveblindhate9318 I would think it belongs to them, but as a part of their foreign exchange reserves. Russia started taking rupees for oil it sells to India, but because there is a trade imbalance in Russia's favor, it is accumulating rupees it cannot use while trading with other countries.
th-cam.com/video/j8FWCBm4zbE/w-d-xo.html&ab_channel=HindustanTimes
While there is some reason to use a stable currency like the US dollar or the Euro for transactions, these currencies are managed for the benefit of the people of the US and the EU, respectively. Otherwise, it's just economically sensible to conduct transactions in local currencies.
3:52 Palki's famous saying: "Long story short ... " :) Love Palki
Good
Losing ground? Looks like it is gaining ground to me. USD to IQD Chart +0.11% (1W)
F&$&$ the. West
de dollarization is a CCP propaganda
The peoples who want to be free have to get rid of the dollar that have been used to constrain and blackmail for decades.
China and Russia will overtake them in a military dynamic and then starvation is all that awaits them. Trading security for insecurity and the lesser evil for a much much much greater evil. They cannot claim they were unaware so the full consequences will be metted out in a dance known as KARMA.
Exactly. If you can’t hoard in dollars. Hoard in cryptocurrency. The are untouched. 😊
People who want to be free have to free themselves from delusion.
And we fought a war to keep this from happening. That's right folks, it wasn't just about oil.
finally, a currency that is worthless is now being seen as worthless by others
People use it through their own agency because it is the opposite of worthless compared to their own currency which fluctuates wildly with inflation.
Self-inflicted wounds resulting from arrogance
Well you can't blame Iraq they don't know any better.
Are you talking about the US? 😂😂 Most definitely. You guys are about to get smoked. Banks failing. Recession. Inflation. Debt ceiling. Yeah keep talking about Iraq. Dummy.
@@Madame702 oh shut up. Don't you have boys you need to convince would look better as girls? 😂😂😂 Absolute clowns
Russia sold to much with INR and impact is getting visible. They are piling INR with too little to covert to other currency. Russia is concerned with INR for that. India should find a way to globalize INR or search other options.
I hope they don't have Rs 2000 notes as the are now pretty worthless unless you fly to India and stand in line at the bank for hours to change them into Rs500 notes, 10 at a time.
The way to go is to change INR into US$.
why American has decided to open a new Military base in IRAQ. Gonna be interesting to see military bases vs. Dollar fall, on a graph, cross over at the point of incompetance.
Not a word on this in the U.K. Not a word ! I wonder why ?
Desi Rupees will become another major reserve currency within 15 years
Qaddafi and Saddam have attempted to do the same thing and we know how they ended up.De-dollarisation is way overdue.
Miss8ng info....
What was thr exchange rate BEFORETHE WAR?
Yea IRAQ!!!!!!!!!
if your still 100% on the grid, (like me) best think of alternatives, and the ability to be operational off grid in less than 2 hours.. ( I can) while you have choices...
God cannot be mocked.
Your fictional God mows my lawn.
God affected dollar ?
Yes it can, proof is I spit on all gods!
Iraq is starting to sound like it needs a little more freedom to America!
Go give that freedom to Russia or China 😂😂😂 oh wait you can't because they will nuke you 🤣🤣 cowards and bullies
Of course the working-class of the USA has been destroyed financially and once away from these people too.
For the average world citizen, the dollar is a bag full of holes that loses purchasing power because of inflation. Indian and chinese citizens are wise to chose gold as the prime store of value for critical savings.
While traveling in India many times, my US$ were accepted everywhere. People were even giving me more rupees for my US$ than the exchange rate in banks.
No such thing happened with my remaining yuans!
The sooner the world order changes & the Dollar loses its value the better for the world. I believe the future will be crypto currency in most countries just as the Dollar is today.
😂😂
Currency backed by gold
And thank God for this
This bogs down to the fundamental issue of local currency as a legal tender, that is policing. Very little to do with de-dollarization at all, whether it is this foreign currency or that foreign currency is not a matter of concern here. If I use the local currency, being the legal tender to buy something, the vendor cannot reject, as it is illegal and the vendor would be jailed. If I pay the vendor in a foreign currency, of course the equivalent, he cannot accept that, and I should not do that too, as my obligation and liability is not discharged, as the foreign currency is not a legal tender. So, what I do is for me to exchange my foreign currency into the local currency, and use the local currency to buy the goods from the vendor. Every national of a nation should abide by the laws. Very simple indeed. The concept of de-dollarization is something else, not really about the everyday business, or livelihood of an individual. I have no problem living in my country, and I have never heard that a vendor wants to demand payments in foreign currency, and if I come across it, I would report that to the police, though I am not a party to any transaction.
1981 was 1 Iraqi dinar = 3.3 USD
You want to de-dollarization? Yeah, if you want to live in the 15th century!
Message to India and Brazil! Nation first, foreigners second.
Inr 2000 notes are now worthless. Trust the Rupee for global trade
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Same here, My portfolio has been going down the drain while I try trading,l just don't know what I do wrong
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What goes around comes around.
Way to go Iraq❤❤❤
Behold, the days come, that I will begin to draw nigh, and to visit them that dwell upon the earth,
And will begin to make inquisition of them, what they be that have hurt unjustly with their unrighteousness.
And suddenly shall the sown places appear unsown, the full storehouses shall suddenly be found empty:
And the trumpet shall give a sound, which when every man heareth, they shall be suddenly afraid.
At that time shall friends fight one against another like enemies, and the earth shall stand in fear with those that dwell therein, the springs of the fountains shall stand still.
For the earth hast thou not judged with truth.
For thou hast afflicted the meek, thou hast hurt the peaceable, thou hast loved liars, and destroyed the dwellings of them that brought forth fruit, and hast cast down the walls of such as did thee no harm.
Therefore is thy wrongful dealing come up unto the Highest, and thy pride unto the Mighty.
The Highest also hath looked upon the proud times, and, behold, they are ended, and his abominations are fulfilled.
And therefore appear no more, thou eagle, nor thy horrible wings, nor thy wicked feathers nor thy malicious heads, nor thy hurtful claws, nor all thy vain body:
That all the earth may be refreshed, and may return, being delivered from thy violence, and that she may hope for the judgment and mercy of him that made her.
Thank you so much 🙏.
From where is this or which chapter of the Bible?
Glory be To God, The oligarch's drunkenness' has caught up with them, BRICS
I hope the Iraqis are successful at making the Dinar go up in value. They have the oil reserves to be prosperous, and they should be. The Dinar has been artificially deflated for a long time. It's time for it to come back on par with the dollar or another major currency.
Well done, good move Iraq 👍
Why? The Iraqis are scared so they hold $US instead of their own shit currency. Now the govt., instead of creating trust through sound economic policies, have simply demanded that trust in the dinar must be had. Dumb and dangerous!
USA 🇺🇸 dollars colonialism…