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That's right. In the US's case, if it was protecting a weakened friendly country or trying to rebuild a not-so-friendly one, dollarizing the economy would have
by jpkoning 6y ago
That's right. In the US's case, if it was protecting a weakened friendly country or trying to rebuild a not-so-friendly one, dollarizing the economy would have undermined the occupied government and interfered with the US's overall goals. Using cancellable paper certificates like MPC or a closed loop electronic system like EagleCash prevented leakage of US dollars into the local economy.
- internet_user 6y agoYou couldn't be more wrong. The US Army shipped 12 _BILLION_ dollar in cash, multiple cargo flights to Iraq filled with pallets of nice fresh stacks of cash. but they care to avoid dollarizing conquered countries? LOL. They just want control over soldiers finances, so that there are no black markets, no soldiers buying drugs and paying hookers, becoming targets for petty crime, or selling weapons/ammo/info. Dollarization of other nations is in the US national interest, read up some congressional transcripts.
- mleonhard 6y agoThose cash shipments to Iraq were the Iraqi central bank withdrawing funds from accounts in the US. The money was Iraqi money, mostly from oil sales. They asked for it back. The US handed it over to the Iraqi central bank officials. Most of it was used to pay Iraqi government employees during reconstruction.