Q & A
Comment by Moosulkwanbyken: so we see today written that the parallel rate is within 10,000 dinar of the official rate of 132000 IQD per $100 per meaning the parallel rate is about 142000 IQD per $100. Am i correct in this determination? Still a bit to go to be within 2%. By my calculations we need 135000 IQD Parallel rate for a bit before stability can be declared? Please correct me if I’ll off on this evaluation of the situation.
Reply by Mnt Goat: Yes, I believe your math is correct 142000 per $100. The CBI has told us many times that they are not aiming to match exactly the parallel rate to the official CBI rate, although matching would be ideal. There is some tolerance. So, this gives us something to watch for. But remember the CBI is not talking about just for a couple days. They want the 142000 or less to be steady and stable. How long we don’t know and that is what we all want to know for obvious reasons. I asked my CBI contact and they told me there is no set timeframe even. It is just when ALL this indicators show that it is stable. I can imagine that inflation rate is also part of it. Thanks for your intelligent question. It shows you are on-the-ball and studying your investment wisely.
Question by kengresham: Hello MG and thank you! Can you send out that replay of Johnny Enlow and Steve Schultz talking about the dinar and the revaluation of the dinar? Do you know when this conversation took place?
Reply by Mnt Goat: Sorry I do not remember which episode it was on but it was just a short comment made by Johny Enlow. It was a personal comment not a prophetic word. Here it is for replay of his comments.
We must now buckle down and pray and pray like never before for the success of Al-Sudani and his agreements with Washington are implemented. Pray for the U.S. in that there are strong enough representatives in Congress and the Senate who will stand up and continue to fight to uphold the US Constitution and keep fighting this Washington corruption. Pray that that God’s Hand will intervene and save our great country.
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