Yuan..

 

Iraq’s Interior Ministry placed a ban on U.S. dollar transactions across the country in a move to strengthen the Iraqi Dinar. 

The country wants to control the fluctuating black market exchange rate that plagued forex prices for Chinese Yuan and USD. The move will also help boost its native currency as the U.S. dollar will take a step back nationwide. 

The decision to ban the dollar comes at a time when Iraq expressed its interest to join the BRICS alliance. Iraq would accept the soon-to-be-released BRICS currency to settle international trade and sideline the USD.

This new policy will have tremendous impact on the dollar as per many economists. In the process weaponization of the dollar and the sanctions on many country will have a diminish effect on these countries. The desire to own the dollar will be less.

 Just a thought.