Monday, January 15, 2024

"RV UPDATE" BY MNT GOAT, 15 JAN

Mnt Goat  

 I asked [my CBI contact] what rate the CBI wants to bring the parallel rate of the dollar down to?  I was told at least around the “official” CBI rate. They are driving to have them match very closely. In consultation with the IMF this is what they are now mandating and is in the plan. When this is reached and stable, the committee will be notified to begin the process of deleting the zeros and move ahead with it.

    ...in my conversation with my CBI contact on my Wednesday call...We...talked about...the monetary reform and where it stood. I was told it would take some time, maybe weeks or months even for the currency swaps to take the needed effect in leveling out the parallel black market rate for the dollar. But my contact seemed very optimistic that the plan now in place could move this rate quicker than expected even. But I was warned not to expect instant success as there is still a period of monitoring it for wide swings, in other words it needs to be stable...We can see that there has been more progress towards currency reform in the last 12 months than in the twenty years combined.

There is much prosperity and abundance coming our way this new year. Let’s all just be patient and stay calm. 

 Article:  " SUDANESE ADVISOR: EXCHANGE RATES WILL REACH 135 THOUSAND PER 100 DOLLARS
SOON"
  If this really does happen we will be in great shape to see the one more program rate change we have been waiting for. But remember they will probably wait and monitor the rate to ensure it is first stable, How long we don’t know.  But this is fantastic news today.

https://dinarevaluation.blogspot.com/2024/01/rv-update-by-mnt-goat-13-jan.html

Mnt Goat 

  Article:  "SUDANESE ADVISOR: EXCHANGE RATES WILL REACH 135 THOUSAND PER 100 DOLLARS

SOON"  If this really does happen we will be in great shape to see the one more program rate change we have been waiting for. But remember they will probably wait and monitor the rate to ensure it is first stable, How long we don’t know.  But this is fantastic news today.


I believe we will not get out of January without seeing the project to delete the zeros and my CBI contact ...gave me assurances that this could be the case. Keep our fingers crossed nothing else interferes in the process.

 I am told they fully intend to have this parallel market on target and under control within January...if they can accomplish this target, we know what their next move will be... We don’t need to speculate...We know as a FACT

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