Tuesday, January 23, 2024

"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 23 JAN

 Frank26

   [Iraq boots-on-the-ground report]

   FIREFLY:  TV showing the meeting in Davos with CBI governor, IMF, World Bank and Sudani have shortened the time on financial and banking reform.  They're saying it's a shorter time expected now to complete the reforms.  

FRANK:  He is telling you they are very very close to giving you the new exchange rate with the lower denoms...What happened at Davos put the monetary reform on light speed.

FIREFLY:  On the economic news an economic specialist is saying Iraq needs to use a basket of currencies to add value to the dinar against the dollar.  

 FRANK:  Sudani sends out another expert in the financial field that you know and trust...Exactly what we've been telling you.  This is the next phase IOO... This is the most powerful part of the monetary reform education to you as an Iraqi citizen...The basket of currencies is required in order to add value to the Iraqi dinar.

 They will never talk to you about something that needs to be done.  They will talk to you about it after it is done.  That is what is called the float and that is what is going to take you back to your RI.  Your currency rate has to be reinstated back to $3.22 but that's the international side of Iraq...

The goal of the CBI is to reach the Real Effective Exchange Rate.  In doing so it adds value to you even thought it's 1 to 1 in country...It will stay at 1 to 1 to the American dollar in Iraq but you will finally have your purchasing power that you have long waited for.

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MAJEED UPDATE, 23 DEC

 Majeed  No more Dollar coming to Iraq The central bank has two options File for bankruptcy Or change the damn rate Because this is what it ...