“Day by Day” – Seeds of Wisdom RV/GCR Update(s) from Goldilocks 2-5-24

Goldilocks and Seeds of Wisdom BAGHDAD, Feb 4 (Reuters) – “Iraq has banned eight local commercial banks from engaging in U.S. dollar transactions, taking action to reduce fraud, money laundering and other illegal uses of U.S. currency days after a visit by a top U.S. Treasury official.” The Iraqi Banks have been banned from accessing the Iraqi Central Bank’s daily dollar auction. The daily dollar auction has become a way of smuggling dollars for Iran, and this is expected to restrain much of those activities. This is part of the economic and financial reforms Iraq is going through to meet…