Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: They are talking about a date to show us citizens the instructions to implement the budget after the federal court rulings.
FRANK: So, after the federal court ruling there’s a date to use to open the budget…we’re just waiting for one bloody thing. That’s it. The new exchange rate…all roads lead to the new exchange rate of the Iraqi dinar.
Do we need laws? No. Do we need Erbil Stock Exchange set up?No. All that can be done afterwords. Do we need budget signed, sealed delivered? No. Do we need to satisfy any country that needs to get paid by Iraq? No. In fact other countries are paying Iraq right now just to do business/just to pay attention to them right now. So the monetary reform only needs the exchange rate ? Yes, That’s right.
[Iraq boots-on-the-ground report]
FIREFLY: Bank friend says they’re going to be taking all transactions from banks and even insurance payments that have been in dollars to be all now converted into dinars and things that were dealt in dollars will be in dinars at the official exchange rate. Doing all transactions in dinars that way is going to strengthen the dinar and make it more attractive to outside investors and it will bring a stronger dinar and stability and help the Iraqi citizens and our economy.
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