Saturday, December 16, 2023

"RV UPDATE" BY FRANK26, 16 DEC

 Frank26 

  Article:  "A STATEMENT ISSUED BY THE IRAQ ECONOMIC CONTACT GROUP OF THE GROUP OF SEVEN COUNTRIES, THE EUROPEAN UNION, AND THE WORLD BANK"  

Quote: "During the coming year, the Iraq Economic Contact Group welcomes further cooperation to support the development of the economic and financial sector in Iraq, including Prime Minister Muhammad Shia al-Sudani’s policies to enhance the value of the dinar and oversee monetary policy. A clear announcement of the new policies regarding the dinar during the transitional period..."  WHEN IS THE TRANSITIONAL PERIOD?... STARTS DEC. 20TH FOR 5 DAYS.

Question:  "Are we at the point in this journey where the rate could be changed at any time?"   Yes.

The monetary reform is not a secret and the Venturi effect of the monetary reform is causing so much pressure with so little time left to accomplish what they need to accomplish.  What do they need to accomplish?  They need to help their citizens of Iraq, to add value to their currency...

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