Friday, March 22, 2024

"ANALYSIS OF IRAQ NEWS" BY MILITIAMAN, 22 MARCH

  Militia Man  

 Deleting the zeros from the notes, how are you going to do that?  You're going to re-denominate the currency ...The way to re-denominate is to add value.  If you don't add any value, re -

denomination means those that hold currency don't gain anything.  I don't think the United States Treasury...Great Britain...Canada...Australia...Coalition forces ...South Koreans came into Iraq to get completely 100% hosed with anything like that...

The Project to Delete The Zeros is from the exchange rate.  Then, once you delete the zeros from the exchange rate you have a 1 to 1 situation - Not value wise but it's $1 to 1 dinar.  Then apply a real effective exchange rate.

Article:  "A specialist points out the reasons for the noticeable decline of the dollar in Iraq: It will reach the official price"   We have been told inflation has been contained to about 3.7% and the Iraqi dinar has ample cover with over 15 months worth of imports over the standard or more typical 3 months. They have increased gold by about 43 tonnes.  They have a new ASYCUDA system for oil and non-oil revenue streams.  A real effective exchange rate will be an additional tool to curb the illegal parallel market and quickly imo.

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