Paulette
The CBI has clearly stated to the Citizens that they should not fear the implementation of the Delete the Zeros Project as they plan to do it in a manner to minimize confusion and the 3 zero series currency will co-exist for a period of 2 years in the marketplace and up to ten years through the Banks.
Saleh told us early in last year that they must bring the parallel market rate to the "Required Two Percent". This is part of the IMF requirement for full compliance with Article VIII. Based on what he said recently, it appears the target is 1350 or less in spite of 2% being 1346.4.
I am only watching the Market Rate at this time. It has decreased slightly since Wednesday and as of today is 1540 in Baghdad and 1530 in Kurdistan. Saleh said 1350 (135,000 to $100) soon. Hopefully soon is weeks and not months. IMSO, if they would RD, show the RV as just over a USD, they would get the Market Rate within the Required 2% very quick so they can RI. Perhaps that is the plan.
https://dinarevaluation.blogspot.com/2024/01/rv-update-by-paulette-14-jan.html
No comments:
Post a Comment