Wednesday, January 24, 2024

"RV UPDATE" BY FNU LNU, 24 JAN

 Fnu Lnu  

 Article:  "The Central Bank of Iraq announced the approval from the US Federal Reserve to supply dollar cash in 2024, as part of efforts to stabilize the Iraqi economy and its currency." 

 Quote: "The decision came after officials from the Central Bank of  Iraq held a meeting with representatives from the Fed and the US Treasury in Dubai. "  As of  last Thursday, the official market recorded an exchange rate of 1,296 dinars per dollar.  It appears the UST is helping Iraq to stabilize.

 The Dubai meetings concluded with praise for the bank's strategies in reducing dollar transactions in the local market.  Iraq could end the parallel market activity by simply revaluing the Dinar above one USD and the black market activity would come to a screeching halt.  

So why haven’t theyAre they stalling for some reason?

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