"Why haven't we had a new exchange rate?" BY WALKINGSTICK, 27 JUNE
Walkingstick
Question: "Why haven't we had a new exchange rate?"
It's always the same answer, it's the corruption from Iran that steals from the auctions from the CBI...government through the political people that they have.
You can stop asking question about the budget. It's all there. Concerning the tripartite budget, everything...all the projects...cities, new exchange rate, lower notes, ATM machines, contracts, everything, it is all there...It is a fact...The GOI has the budget and they have the new exchange rate from the CBI.
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The Iraqi citizens are being given their education, not our education. They are telling the Iraqi citizens what they need to hear at this moment in the monetary reform process...
$4.9 billion for a pipeline in the budget...Didn't you say it was 6.5 billion dinars
?
'Yeah.' And you're saying it equals $4.9 billion? 'Yeah.'...
They told the world...6.5 billion IQDs is equivalent to $4.9 billion...6.5 divided by 4.9 it comes out to 1.32 or $0.76...You don't have to think anymore after this...That's billions to billions not trillions to millions. That's a rate change...You're telling the world this.
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[Iraqi bank friend]
Aki in Dearborn...he's got one [new ATM machine like the ones delivered in Iraq].
They put these ATM machines out in order to put out the lower notes...These ATM machines will teach the citizens about the lower denoms and it will teach the bank employees about this as well too...There's going to be a stampede of people that will be rushing into the Iraqi dinars...These ATM machines are now being impregnated...
When they load or if they have loaded them up [new ATMs], the note count has already been determined. The note count for each individual machine has already been accounted for...
These machines will be the state of the art...State of the art has nothing to do with a program rate. If it was they would have had the state-or-the-art with the program rate for the last 20 years...The CBI is desperately trying to put out the least amount of currency at the onset before they release the new exchange rate. Because once they do this, if needed, they will be able to add to this note count as the value is needed.
These ATM machines have the capability to recognize the lower denoms that are soon to be passed out to the citizens in order to add value to their currency and to go hand in hand with a new exchange rate of the lower notes...These ATM machines have the software for the lower notes.
But does it have the lower notes in these ATM machines?
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