SUMMARY OF Q & A BY MNT GOAT, 27 JULY

  Q & A

a. Question from acetone: Historical Precedents: Historically, redenominations typically affect all holders of the currency equally, regardless of their location.

Mnt Goat Answer: For the larger 3 zero notes inside Iraq the citizens will be given a time period to swap them out. There will be ONLY one IQD rate, get it? The first rate is a redenomination rate inside Iraq and it will be a change to  the official CBI rate, get it. Any banks outside Iraq will have to follow the same rate. This is why they placed a bookmark or linked rate on FOREX bak to the CBI official rate. Get it. It is already in place.

Inside Iraq this official rate will be greater than the dollar. This is why they are so concerned about the parallel rate vs the CBI official rate. They need to have the official rate over a dollar, not under. This is to suck in all these 3 zero notes. People will need an incentive. Get it? If the IQD is greater than the dollar why would the citizens not swap them out? If they don’t and hold on to them then that is what happens, when it happens. No one has a crystal ball and no one can force them to do anything. But the CBI told us there will be a deadline and inside Iraq for the general population these 3 notes will expire (not null and void, just expired), so there will be a deadline to turn them in. Remember at this point the IQD is NOT yet on FOREX. I have been saying this all along. This is a two-stage process. Did you listen to me? Go read my blog. Here is the link for the process again.

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

https://dinarevaluation.blogspot.com/2024/07/q-with-mnt-goat-23-july_0492437478.html

----

Q & A

Question from acetone: it is not my intention to annoy or alienate , however, your assertion that there will be no change in value in country but iqd note holders out of country will essentially be immune from the delete the zeros project as they will enjoy the face value of their notes applied against the respective forex rate. This is highly problematic for the following reasons: ( bla bla bla,)…. in short, purportedly massive amounts of IQD are being retained by Iraqis and held outside the banking system as such. what would motivate said Iraqi note holders residing in Iraq to turn in their 3 zero notes for the new redenominated notes?……

Answer from Mnt Goat: Guten tag acetone. To answer your question, I need to refer you to my blog section on how the Project to Delete the Zeros will work. Please click on the link.  

All the information you are seeking is there. Please spend some time and go read it. That is the purpose of my blog, to tell the TRUTH. Sorry I cannot personally hold hands and babysit thousands of people especially newbies to this investment. If you have a question already not addressed in my information presented, I will be most happy to address it. But thanks anyhow for the good questions, it shows you are concerned and can think for yourself. Good job! 😊 Remember there is a bit of common sense too we must apply here. I have been in the study of this for two decades and in close contact with the CBI since 2011.

https://dinarevaluation.blogspot.com/2024/07/q-with-mnt-goat-23-july.html