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Keyword: fungibile

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  • Stop Pretending – It’s Not the “Fungibility,” It’s the Location of the $6 Billion Returned to Iran

    10/09/2023 9:57:30 AM PDT · by Texas Fossil · 44 replies
    The Conservative Treehouse ^ | Oct 8, 2023 | Sundance
    You want to go deep weeds, let’s go deep weeds. Almost all of the conversations about the $6 billion given back to Iran have focused on the fungible aspect of money. While true, that focus misses the key and essential point, where the money was delivered. The captured $6 billion was held in a South Korean bank, the result of sanctions violations. What the Biden/Blinken crew did, was move the money from South Korea to a bank in Qatar.Now, many people may not at first understand the nature of how that makes such a significant difference. The lack of understanding...