Frank26 (KTFA)
1320 is not the official rate…that’s just the street rate…They told you very plainly 1132 is the official exchange rate today. I’m not saying they’re using 2 exchange rates. That’s against the law. But there’s nothing against the law to have two sets of books. The CBI website may show 1320 but IMO the economic reforms are at a different rate with permission to do so.
[Iraq boots-on-the-ground report]
FIREFLY: TV says Iran and Iraq agree to disarm and get rid of the militant groups in the KRI. This leads to better stability.
FRANK: Are you kidding me? I never thought I’d live long enough to see Iran say they are willing to disarm in order to work with Iraq…This is stability at its highest form, which is exactly what the monetary reform needs.
FIREFLY: Meeting with the World Bank...They talked about wanting…external transfers made up of international standards…They said it was about banking reforms. And they’re also saying how important it is for citizens to join this new platform. This will be set up to ensure citizens are receiving all they are entitled.
FRANK: …You’re seeing it unfold before your eyes right now…you know what you’re entitled to? A new exchange rate and new currency.
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