Wednesday, December 27, 2023

"RV UPDATE" BY WALKINGSTICK, 27 DEC

  Walkingstick 

 The whole de-dollarization phase the monetary reform is going through right now is in order to not use the American dollar any longer.  This system was meant to be temporary.  It was not meant to last 20 years...They have stability and security.  These are the 2 factors we've been seeking.  They tell you they have it.  De-dollarizing is the last part before you introduce a new exchange rate and a new currency into a country...I should say de-foreign-currency-izing...A country should not have many currencies.  It causes many problems

At what rate will the IQD go into the [Middle East] basket?  I don't know...This is an RI.  This is the reinstatement phase.  The goal is to reinstate the value that the Iraqi dinar once was proud of...It's a reinstatement to get to the Real Effective Exchange Rate (REER) to a float.  The key is to let them get to that number.  

 Article:  " A government source reveals the Sudanese measures to reduce the dollar to its official price"  IT IS BECAUSE THE IQD IS GOING UP IN VALUE AGAINST THE USD...NOT THE OTHER WAY AROUND!


 Have we not been saying to you over and over again look for it in the beginning, in the middle or at the end of a quarter...Iraq is on a fiscal calendar year.  January 1st to December the 31st. This is the end of a quarter.  It is all about the accounting.  It's all about the numbers.

No comments:

Post a Comment

TIDBIT FROM NADER FROM MID EAST, 23 NOV

   Nader From The Mid East    We will not go more than $4 so don't waste your time and ask question about $16, $8, $11 and $12.    Don&#...