MarkZ
[via PDK]
They are calling to no longer have a fixed rate. But, attaching it to a basket so its value can compete with the USD. You know they have been working on de-dollarization. One US dollar buys 1300 dinar right now. For it to compete with the US dollar…the rate needs to be a whole lot closer...I know things have been moving slowly, slowly, slowly… I think we are about to see the “suddenly” part of this thing.
In Iraq: “Al Sudani discusses with JP Morgan the opening of accounts with Iraqi banks.” This is a worldwide thing and to me this means international. Article: “Al Sudani arrives in Davos to push the “Development and Road Agenda” He is pushing to be international in world trade.
Article: “Liberation of the dinar from the official rate: Obstacles and Solutions”
They are again talking about the need to increase the value and adjust all the mechanisms to do so. They talk about killing the black market because the markets will determine the new rate.
No comments:
Post a Comment