The saga about the Iraqi dinar RV only gets better as the months roll on.
But how long will it be before Iraq is allowed to liberate its own currency?
We know the value in the dinar exceeds even pre-1991 era but what is holding it back?
So why is the dinar still 1/6 of a penny?
We have learned that the CBI is targeting a new revalued rate for the dinar of 1132 from 1320 and very soon.
Didn’t we hear about this exact same rate months ago?
Is this coincidental?
Any of the negative nay-sayers bashed us and told us it was a typo mistake by the CBI.
Really?
Why was it not made the “official” rate at that time?
In retrospect after reading all the news since, we all should know why.
But the important part is that this is their target, and we know now it is.
Is this the last rate change we are looking for prior to the 1:1 coming revaluation and triggering the project to delete the zeros?
Just be patient, the reinstatement is coming.
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You ran with that number for three weeks as I recall, though you knew the CBI had the rate posted at 1320.
Clearly all the quoted numbers from that report were wrong including the black-market rate.
Here’s the report in fact, [notice the black-market rate as well]:
EconomyDollar Rates
Ali Alalaq
اسعار الدولار – شفق نيوز
وكالة تنشر اخر الاخبار وابرز الاحداث في العراق وكوردستان والعالم لحظة بلحظة
اقتصـاد – شفق نيوز
وكالة تنشر اخر الاخبار وابرز الاحداث في العراق وكوردستان والعالم لحظة بلحظة
2023-03-21 12:48
Shafaq News / The Governor of the Central Bank of Iraq Ali Al-Alaq expected, on Tuesday, a decline in the parallel dollar exchange rate (market rate and local exchanges) during the coming period.
Al-Alaq told Shafaq News Agency, “The Central Bank has launched multiple packages of measures, and the packages that have been launched are being dealt with seriously to control the parallel dollar exchange rate.”
Al-Alaq pointed out that “the measures of the Central Bank are continuing to control the exchange rate, and we expect a decrease in the parallel exchange rate.”
The parallel rate means the exchange rate of the dollar in the market and exchanges, not the official rate set at 1132 dinars per dollar, according to the decision of the Board of Directors of the Central Bank of Iraq, which was approved by the Council of Ministers.
Iraq’s central bank has issued three reform packages it said were aimed at tackling the rise in dollar exchange rates.
Despite the Central Bank’s actions and approval of the exchange rate of 1132 dinars to the dollar, the exchange rates of the dollar still range in the markets between 1155 and 1158 dinars to the dollar.
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