Walkingstick
What does it mean to float? ...It means the Iraqi dinar de-pegging [from the dollar] and pairing with a bunch of currencies in an international basket from the Middle East...The reason why they're adding it to a basket is to add value to the currency of Iraq via the international markets...
The most important thing here is all of this international movements via this basket are being done with no restrictions...This rate will be determined by the amount of supply and demand of the currency of Iraq in that basket. You can already see that demand is astronomical with all the contracts that have been signed that want to come into the country of Iraq and invest...Currencies have already been swapped.
You are going to keep hearing more and more about the monetary reform education until they announce it. This monetary reform was once a secret but...now they're flat out telling you. That which was once a secret is no longer needed to be a secret. The secret is no more.
Question: "Do you think the tellers [In Iraq] have the lower denoms?" No. "...Executive levels?" Yes. Samples and specimens and LDs only at executive levels right now...
https://dinarevaluation.blogspot.com/2023/12/rv-update-by-walkingstick-12-dec.html
[Iraqi bank friend update]
IRAQI BANK FRIEND: The meetings we have had with the CBI we are learning the next steps. Also we talked about in the meeting we are seeing many people in Iraq now coming into the banks and asking questions and we have given the banks permission, they are now allowed to explain all about the monetary reform process and where it's at right now to the citizens as they ask...
One of their biggest questions is, 'Is it true we are getting a new currency? Yes. Are we going to receive more purchasing power with this new currency? Yes. Are we going to see a change in our exchange rate? Yes. Is this why we are removing the dollar? Yes.'
They keep asking questions over and over again. Also the question people are asking a lot about, 'When? And how much?' But at the meeting we agreed that the banks are not to be given that information just yet, not even the upper echelon. The banks are saying, "In the very near future."
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