PompeyPeter
If for one second the new rate had been shown the Council of Ministers, the parliamentary Finance Committee or the House of Representatives we would have heard them singing and dancing and cheering from Iraq. We certainly would have seen it from the CBI first. What happened then? ...As they've said, the amendments were viewed and passed by the Council of Ministers, the amendments of the 2024 budget were then passed to HOR via the Parliamentary Finance Committee...We definitely know the rate hasn't been exposed.
Yeah, Iraq could come out at 1310 internationally on Forex. A man could land on the sun or pigs could fly. In other words the odds are slightly better than those two scenarios but in the opinion of most people it will not happen.
Here's why: Sudani stated clearly that the dinar was worth more than the dollar and the value of the dinar would be higher than the value of the dollar. That ain't 1310 to $1. Secondly, Sudani said Iraqi's dinar would be the solution to the world's financial and economic problems. Not at 1310 it's not. Three, if they come out at 1310 it's impossible for the tripartite budget to work.
https://dinarevaluation.blogspot.com/2024/03/rv-update-by-pompeypeter-4-march.html
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