Iraq is ready to join BRICS, said the Prime Minister of the Arab Republic, Muhammad Shia al-Sudani, on an official visit to Russia.
Iraq on the verge of getting rid of the dollar
The Iraqi president confirms his desire to join the club if his country is invited by one of the founding countries.
The country of two rivers would then join the 6 nations having recently joined this alliance. Namely Iran, Saudi Arabia, United Arab Emirates, Ethiopia, Argentina and Egypt.
So many countries have recently shown their credentials by distancing themselves from the dollar. Iraq is no exception. The Iraqi central bank has just announced a ban on all dollar payments from 2024.
“Want to transfer money? Go for it. Want a dollar card? That’s it, you can use the card in Iraq at the official rate. If you want to withdraw money, you can do so at the official rate in dinars. And don’t talk to me about dollars in cash anymore.”said a representative of the central bank.
The Iraqi prime minister’s emancipation comes just after Iraqi brigade chief Kata’ib Sayyid al-Shuhada warned that American bases and troops in the region will become legitimate targets if the United States decides to intervene directly in the Gaza conflict.
The Bretton Woods system is on the verge of collapse. All current geopolitical tensions, including the recent escalation in the Middle East, revolve around this question: in what currency are energy and raw materials exchanged?
This currency has been the dollar since 1971. Since geopolitics is inseparable from the map of energy resources, it is not surprising that US Senator Lindsay Graham is already threatening to destroy Iranian oil refineries. Persia refuses to sell its oil for greenbacks.
Let us also remember that Iraq was destroyed just two years after it decided to sell its oil in euros rather than dollars. The pretext used was the lie of Saddam Hussein’s weapons of mass destruction.
Two decades later, OPEC countries joined BRICS to protect their rear. The days of the petrodollar are numbered. It’s time to ask whether bitcoin should take over.
Stateless and uncensorable, the Bitcoin payment network is a store of value designed to oil international exchanges.
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