Thursday, May 16, 2024

"RV UPDATE" BY FRANK26, 16 MAY

 Frank26   

Article:  "Sudanese directs to hold an extraordinary session next Sunday to discuss the 2024 budget schedules

AN EXTRAORDINARY SESSION... FOR AN EXTRAORDINARY ANNOUNCEMENT!

Article:  "Floating the dinar" returns to the forefront.. Will the Central Bank of Iraq resort to it and what are its risks?"  Floating the dinar, oh my goodness, they are talking to the Iraqi citizens about the monetary reform...Floating the dinar is what they're going to do...

 Forgive me that I jumped the gun and told you, hey this represent the lower denoms [fils] in paper form [it was a 5000 note]...The colors were wrong...The color is what threw us off.   I apologize...What we taught was 100% true [though]...The CBI is teaching the Iraqi citizens about lower notes...coins...They're also teaching about fils, the coins, in paper form.  


Question: "Do you think the rate will be on Forex?"  Yeah!  The Forex will be one of the very first to receive it.

This [these new 1000 dinar fil notes] guarantees there is a change in the Iraq dinar exchange rate because if not there's no reason for these fils whether they be in coin form or paper form. It's illogical.  There's not reason for it...These fils paper or coins and the exchange rate are not activated yet.  They are all in the background waiting for when Sudani says it's time.

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