STATUS OF THE RV
The CBI and the Finance Committee are really tightening their restrictions on the dollar.
They need to get this de-dollarization process ended.
Why not just make the dinar much more valuable than the dollar “officially” by raising the rate?
So, we can see the CBI wants to follow up on this outcome.
But who is stopping it?
But we know they first have to create the demand for the IQD outside of Iraq.
That is the hurdle the CBI is now working on.
They must now get agreements in place to accept the dinar in trade transactions with other Arabic countries and other developed nations trading partners.
Iraqi economic expert Khaled Haider told us on Tuesday, that the exchange rate of the US dollar against the Iraqi dinar on the black market would stabilize in parallel with the government pricing, starting next year.
This is not the first time we have heard this news.
Can they do it?
I will tell you one thing I know for sure is that they must stabilize the parallel rate with the “official” rate by 2% and we all should know this by now.
This is direction from the IMF.
So will the rate in January be the rate we want as the “official” rate or still the 1320 or another program rate?
V All I can say to answer these questions is what I know and am being told by my CBI contact right now.
I am told that the committee my contact is working with will begin the re-education about the process to delete the zeros, in mid-November but only if the Israel completes it’s job in the Gaza strip.
Contrary to Arab sentiment with the Palestine cause, the CBI seems to stay neutral in this matter and knows it will not get a signoff form the US if this is not settled with Hamas and it is not irradicated.
Personally, I do not think Israel is going to be pulling out of Gaza by mid-November.
On Tuesday (November 7, 2023), a very informative article was published by development and investment expert Amer Al-Jawahiri.
He identifies three negatives to the Central Bank’s electronic platform for selling the dollar.
We must stand firm in our prayers.
Just look back to last January and see all the changes in Iraq.
Also look back to this period and see all the exposure in the US of the corruption.
But in either case its still not all done.
It is November 2023 already and the election cycle is just around the corner.
So, if God is going to bring on his storm and change the direction of this nation in a way only God can do and people will recognize that it is God and not the elections, then it must be done very shortly.
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