Tuesday, April 2, 2024

"RV UPDATE" BY FRANK26, 2 APRIL

 Frank26 

 Article: "Al-Shammari reveals the most prominent files of Sudanese’s visit to Washington and the government’s ambition regarding the dollar"   THE FINANCIAL FILES WILL REPLACE THE PROGRAM RATE  Quote:  "The government is planning to reduce the dollar to the official rate."  This is certain, but it takes time.

  The next thing I want to see [After the restrictions are lifted on the one main Iraqi bank] is the budget being amended and released because then after that it's a domino effect.  Everything else will follow it...

The CBI announcement - We believe it's about the currency.  We believe it's about the auctions.  We believe it's about a change in the auctions, a metamorphosis of the auctions which is exactly what the US Treasury wanted in order to have security and stability in the bank, which was exactly what was needed in order to bring forth a new exchange rate for their currency.  

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