Sunday, June 2, 2024

"Q & A " WITH FRANK26, 2 JUNE

 Question: "Should we watch Forex or the CBI?"

 CBI.  Forex is waiting for the CBI.

There's an article that says, 'We're not going to come out with the the lower denominations because it won't affect the exchange rate of the Iraqi dinar.

 What are you stupid?  
I'm talking to the media.  The media is owned by the far nasty side and they don't want this to happen.  They don't want anyone to know about the monetary reform success so they put out information that a little misleading...Of course they're going to come out with lower denoms...remove the three zeros...add value to the currency.  That's what they've been telling you...

 Everything is being done in an expedited manner.  But unfortunately it's expedited Middle East manner...You sign a contract in the Middle East, that doesn't mean that it's going to be activated on the day that you sign it, nor tomorrow, nor the next week, nor the next month.  It is activated when they say so.  Why Because you need what they've got...You got to go by their rules.  They have to move by their quicksand pace.   I'm sorry, that's all there is to it.  You have witnessed it.  You have experienced it.  You have tasted it by being involved in the monetary reform investment...
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Question: "What do you think the dinar will be floated at the start?

 IMO at the start of the float 1 to 1 you'll never see it.  So just looking at 1320 causes me to think maybe they'll start at about $1.30 or $1.50.  They could start even higher.

  When you see things that you don't want to see it's not like it's a delay.  It's the Middle East...it's a different world...It's rather brutal...It's doggy eat dog...

The new currency that's coming out has more safety features on it than any other currency on this planet.  More than the American dollar, because it's a state-or-the-art technology of how they produced it with the monetary reform.

Question: "What is the price of a bottle of Cokein Iraq?"  Way too much and that's why the prices are being adjusted and a new exchange rate will come out to match the new or lower denominations.

The problem is you don't see any of these contracts open do you?  

 ...No, all of these contracts are sitting there waiting and waiting for what?  For Sudani to pull the trigger.  What is the trigger?  

The lynchpin that will activate the contract and readjust the value according to the exchange rate of the Iraqi dinar, where the contract was signed in the Iraqi dinar value but to match their [contract holder's] currency.  Brilliant... These signed guaranteed contracts will adjust to the calculation of the IQD value...These foreign currencies will not be calculated into the new exchange rate until the new Iraqi dinar exchange rate hits Forex...

A second set of books is a normal business action.  Many companies, many firms for financial projections, for balances, for audit purposes, for changes whatever it may be, run a second set of books.  The second set of books is simple business practice.  It's not illegal unless you're doing it illegally under the table...This second set of books is not hidden...they [Iraq] expose it [their second second set of books] to the right people, IMF, World Bank, US Treasury...

https://dinarevaluation.blogspot.com/2024/05/rv-update-by-frank26-25-may.htm

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