MNT GOAT
...Remember that the sanctions put on the Iraqi banks, by the CBI, at the request of the US Treasury only prohibit the sale of the dollar by these banks. They can still do business with the dinar and other foreign currencies and are making money anyhow. However, through the sanctions the CBI and Treasury are trying to reverse the reliance of the banks to make money solely off the point spread of the buying the dollar beyond the CBI official rates. Get it? We read many articles on this already too. They must convert/reverse the bank revenues to other sources to get out of the currency auction business and into real banking practices, like all other banks in the world.
So, to comply and take these sanctions off these banks they will have to comply and deal in dollars ONLY at the official rate. They will also have to prove to the CBI that they are engaging in other forms to generate revenues to stay in business.
Remember that banks are also a business and, like any other business, must also find ways to make a profit and generate revenues. This is what the CBI and the U.S. wants as part of the financial and banking reforms. They don’t want the banks to crash simply because they are stopping the currency auctions. Get it?
This is also why they told us in past articles that the CBI is SLOWLY phasing out the currency auctions and the electronic platform. Go read the White Paper for yourself. That is why I created a special page just for this paper. It’s all in their plan. This plan leads to the reinstatement and, just like the season of Spring, we can’t rush it. It must just evolve and when they are ready, we will then realize over time in retrospect that the successes of each separate part of the plan brings us to the whole and final goal.
Again, I have to say that the CBI cannot turn back from all the progress already made. Also remember that the citizens of Iraq are reading all these articles too about increasing the value of the dinar and so it is way beyond the point of returning to the same old, same old.
I get a kick, or rather I’d like to kick, (lol.. lol.. lol..) people who have dinar and get so discouraged and disenfranchised.
Why I ask?
You are a millionaire right now only you are listening to idiots telling you that Summer is already here, and so don’t you feel the warm weather and see the green on the trees, they say? But you are not an idiot, and you can see and feel for yourself that this is not yet true and so you know that, like the season of Spring, we must just wait and let the dinar RV process takes its course and bring us to Summer on mother nature’s timing.
Whether it is just completing the last parts of the monetary reform plan or whether its political reasons holding up the process, we are trying to figure all this out....
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