Pimpy

  In Pimpy

Auctions…are not about dumping the dollar.   Currency auctions are held for a reason…They take the US dollar and sell them to banks and exchange for foreign currency.  That’s how they’re able to build up their foreign currency reserves to…$115 billion.  Not only that but it helps stabilize the Iraqi dinar exchange rate against other foreign currencies…This isn’t about proof they’re dumping the dollar…This is not about de-dollarization.