Friday, July 5, 2024

LATEST FROM FRANK26, 6 JULY

  Frank26 

 Question "Does the budget have to be in The Gazette before we see a change in the rate?"  No.  They can make the change and then it can pop up in the Gazette.  The Gazette is not something that is a mandatory in order for it to be revealed.   The budget is a mandatory in order for it to be revealed.


  Question:  "The dinar may skyrocket slowly for years, is there a chance to keep them in dinars in multi-currency accounts?"  

The IMF will force the CBI to give us outside of Iraq a specific amount of time [to exchange] but I pray that they give us 6 months to a year because if they give us one month to 3 months that's not enough time IMO to take advantage of the float...

Once you see the HCL, when will you see the new exchange rate?  **snap** [That fast]. 

 The WTO, you don't have to have value to your currency but it can't have any stains on your currency.  What do you mean by that?  The Iraq dinar had sanctions on it remember - The United Nations Security Council, they put handcuffs on the dinar.  They cannot be used internationally, it was on the OFAC list, you couldn't touch it.  It was Taboo...It cannot have any sanctions...restrictions.  It must be fully capable of moving in the international markets...

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