The RV was scheduled for the first week of January 2024, actually January 2nd, specifically. Not that we will care, but the RV international rate will be retroactive to January 1st. Basically the currency exchange calculations (the “math” he said) within Iraq was not within guidelines at that time.
We are hearing that it has since been corrected. Perhaps they were just pushing it to occur – on what we’ve often been told would be likely – a three-day weekend? A 3-day weekend approaches just around the corner.
Iraqi Prime Minister Al Sudani and the Governor of the Central Bank of Iraq Al Allaq are both attending the World Economic Forum in Davos Switzerland for the annual meeting January 14th to 19th. Today Wed. 10 Jan. there is an exchange rate for the Iraqi dinar and the US Dollar. On Mon. 15 Jan. the Iraqi Dinar is to have international rates with multiple international currencies.
Iraqi Prime Minister Al Sudani and the Governor of the Central Bank of Iraq Al Allaq are both attending the World Economic Forum in Davos Switzerland for the annual meeting January 14th to 19th. Today Wed. 10 Jan. there is an exchange rate for the Iraqi dinar and the US Dollar. On Mon. 15 Jan. the Iraqi Dinar is to have international rates with multiple international currencies.
Meaning it’ll be tradable, internationally. He goes on to say that “Everyone is expecting the RV on Sun. 14 Jan. The IMF, which is in charge of timing, said, “Anytime Friday to Sunday.” Bond liquidity has to happen first.
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