Sandy Ingram

How Iraq caused the currency crisis – Here’s what happened.  Iraq spends around $900 million a month on Iranian goods.  $50…is for electricity and gas…Now the mistake – The U.S. and Iraq decided to pay Iran in Iraqi dinars.  Surprisingly Iran said okay.  Iran then proceeded to the Iraqi daily exchange auctions to trade the dinars for U.S dollars.  [Post 1 of 2….stay tuned]