"STATUS OF THE RV" BY IQD IRAQ & VND VIETNAM, 29 JULY

 STATUS OF THE RV

So, if the CBI was to put the dinar (in Iraq) under a program rate 1:1 with the dollar or over the dollar this still would not be the solution unless they also reinstate it back to FOREX.

Yes, the merchants already can legally use the dinar to pay for imports but is it feasible right now to do so?

Why are they still going to the currency auctions for dollars like before?

I thought these dinar reforms allowed them to import and pay in dinars?

But who the hell wants the dinar outside Iraq at 1/6 of a penny and when it is still under OFAC sanctions.

Instead, businesses would have to see liberation of the dinar to create that demand.

They would have to have sort of a “fresh start” with the newer lower denominations.

Then once liberated and investors begin to suck it up, the merchants in Iraq could then “successfully” use the “national currency” of the dinar to pay for imports.

Then the dollar in Iraq would no longer be useful.

Even if the black market did get ahold of the dollars who would want them when they are worth less than the dollar?

So, the question now is this – Don’t you think the US Treasury knows everything I just told you?

Don’t you think they see it too?

So, can you now also understand how the US Treasury can just liberate the dinar and pop out the FOREX rate?

This bullshit by many gurus telling you that Iraq first has to build up their economy to strengthen the dinar are crazy people and don’t fully understand the situation.

Waiting for the economy to grow, the dinar would never, never RV to the rate we want and would stay on the program rate forever and maybe never even get back to FOREX.

So, in today’s news, the economist Nabil Al-Marsoumi said in a follow-up post Alsumaria News and I quote – “the only solution currently available to address the current exchange rate crisis is to return the dollar exchange rate to the pre-pandemic level corona that is, to the level of 1180 dinars per dollar.”

Do you see how they don’t even want to address the possibility that the delay and lack of liberating the dinar back to FOREX could be at the heart of the problem here.

Because they have been on this damn program rate and currency auctions too long they forget about what the dinar used to be and how they didn’t have these problems prior to the 1991 invasion.

These currency auctions were meant to be “temporary”. 

But Pres. Obama changed all the rules in the process to liberate their currency and return it to them.

He made it extremely difficult and this been part of the problem since 2012-2013.

Coincidental how Nori al-Maliki raided the CBI under Dr Shabibi?

Why do you think Dr Shabibi could have liberated the dinar way back in 2012-2013?

So, this alone is evidence of the screwed-up mindset and thinking about the dinar.

They are caught up in a nasty paradigm and somehow, they must step out of it and wake up.

I believe the US Treasury has stepped in since last fall 2022 and is trying to help.

The VERY good news, however is that the honest Iraqis are waking up and it will very soon become public knowledge that they MUST liberate the dinar and this is the real and only solution.

When I talk to my CBI contact I am still told that the Project to Delete the Zeros is “not off the table” and is going to be executed shortly.

The citizens of Iraq are protesting outside the CBI headquarters building this week.

They want solutions not more run-around.

They are tired of promises and so this situation is going to have to change with solid solutions and not more promises.

The Governor of the Central Bank, Ali Al-Alaq, revealed on Wednesday, measures that will contribute to the stability of the exchange rate, and while revealing the diagnosis of those involved in speculation in the market, he also pointed out that the new proposed 20k note has been dismissed from printing the category of twenty thousand dinars because of the existence of a category of 25 thousand dinars, and we do not wish to expand the current categories, because the project to delete zeros still exists.

I have waited since Ali Alaq took over the CBI again for him to say these sweet, sweet words.

Do they move ahead and finally go for it?

It is coming soon and this is yet another good sign that the new governor Ali Alaq is on the reform side and wants what we want.