Guess who signed onto the BUNA platform to take care of all the U.S. dollar denominated trades? JP Morgan Chase one of the biggest tier one banks in our country. That tells you now that J.P Morgan chase is involved. They are not doing it for a currency that can’t be transferable ie. the Iraqi dinar. BUNA is the mechanism by which they will be able to transact on the international market. This Wednesday the 10th…we wait to see if they actually transact because they’ll need to be internationally positioned with their currency in order to do so.
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