"RV UPDATE" BY MNT GOAT : "Q & A", 30 SEPT

 Mnt Goat

  Question:  Holiday in Iraq on October 3...their Independence Day. ...October 4 is Iraq finally a member of World Trade Organization...Can Iraq still continue with the program rate of 1132 until the end of the year? Or will CBI release the new small category notes before October 4?  

 Mnt Goat Answer:  ...As you know they will not give out any dates only a window when they plan to do it. I was told October for the re-education and them they should follow closely with the newer lower notes.

Question:  Will there be a cap limit on the dinar when exchanging ? 

 Mnt Goat Answer:  Yes, the IMF will place the dinar initially on a managed float and I was told around a $9 cap but that was years ago and things have changed...I wouldn’t be surprised if we witness up to $12 before they cut it off.

 Dr Shabibi told us in 2011 that the dinar back then could sustain a rate of $16...

They are now pumping 2/3 more oil and have agriculture exports now and also 132 tons of gold...They are filthy rich!  I am seeing a constant rate of about USD $3.80 - $4.25 range on the back screens at the bank right now...