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May 15, 2009
Future of the USD in Iraq as the IQD takes a stronger hold.
The Future of U.S. Dollars in Iraq
As U.S. Forces conduct stability operations in support of Operation Iraqi Freedom, the removal of US currency and increased use of Electronic Funds Transfers (EFT) and Iraqi Dinar are top priorities. Therefore, US currency will be reduced to an operational minimum at all finance offices in theater.
The U.S. Dollar is being phased out of the Iraqi theater. The increased use of Iraqi Dinar will facilitate a decrease in the dependency of the local economy on the U.S. Dollar, and to encourage Iraqi Financial Institutions to expand and mature into reliable resources for the Iraqi people.
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One response to "Future of the USD in Iraq – Finance Flash"
[...] It’s another one of those “Finance Flash” posters stating that soldiers are no longer able to withdraw USD from their ECC cards in an effort to phase out USD and reinforce the native currency, the Iraqi Dinar. The poster looks very similar to one posted on DinarSpeculation earlier this year, you can see it here: http://dinarspeculation.com/did-you-know/future-of-the-usd-in-iraq-finance-flash/ [...]
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