Iraqi Banks limit Dollar Withdrawals
Global Banking Crisis Imminent
As the dollar strengthens, currencies in developing countries are plummeting against it. Iraq's currency is depreciating rapidly against the dollar, and the government requires dollars to facilitate international trade and import goods. Due to a shortage of dollars, they are essentially utilizing depositors' funds. What is transpiring in the third world is likely to spread globally as the world undergoes rapid currency devaluations and widespread bank failures. Investing in hard assets such as Bitcoin, gold, and silver can serve as a financial safeguard against the impending economic turmoil.