Chinese Yuan instead of the US$$
The Iraqi central bank announced Wednesday that, for the first time, it plans to allow trade from China to be settled directly in Yuan instead of the US$$ to improve access to foreign currency.
Iraqis are seeing where the trend is headed and do not want to be left behind. Look no further at the countries that are moving from the US$: China, India, Turkey, Iran, Russia, and Saudi Arabia.
Credit to : Geopolitical Trends, w/Dr. David Oualaalou
