Mountain Goat
…If you were around a decade ago…remember that the CBI governor back then, Dr. Shabibi, he was able to stabilize the rate of the dinar at about 1166. I firmly believe this is about the rate they are targeting from 1320 to around 1166 next as their next “official” CBI rate. I was told this by my CBI contact that we would see yet one more official rate change prior to the project to delete the zeros and then the reinstatement…MilitiaMan (KTFA)
The World Trade Organization is waiting patiently for Iraq’s ability to get certain things stabilized and agreed to. They have some obstacles to get over the World Organization wants them to do.
That obstacle is most likely their exchange rate – being Article VIII IMF compliant. That’s going to be a very key component for this to happen.
[The Prime Minister Sudani] is suggesting..the government has launched major projects…
Article Quote:
“5 cities have been announced and we are in the process of preparing the second meal in order to prepare it for investment…”
He’s effectively telling you we’re launching all of that… You have to ask yourself, how are you going to do that at 1300, 1310 or 1320 as the exchange rate? You can’t. We’re gonna have to watch and see what he’s going to do…Remember, go back in time. Al Sudani said, ‘Hold on to your dinar because the dinar is stronger than the dollar.‘
…I’m expecting something big to break loose by Friday…most of my sources are “hey, just relax, watch it unroll between now and the 16th and 18th…you’ll have everything you ever wanted“…I’m watching it all come together…but we don’t know the time…we are clearly moving in that direction…
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