Kuwait/ Iraq 3 of 4 : " THE RV/RI EFFORT IS VERY REAL " , 8 SEPT

 Kuwait/ Iraq 3 of 4

The IQD RV/RI effort is very real and has been attempted multiple times 2011, 2013, 2017 etc.. by IRAQ and the PTB over the last 20 years; as reported last month. 

The Following excerpt that is directly cited below from a (April 30, 2012) “DECLASSIFIED” REPORT TO THE US CONGRESS, FROM THE IRAQ PROVISIONAL GOVERNMENT pg. 103, that clearly proves the lifting of the 3 zeros from the IQD and Raising the Value IS A REAL EFFORT THAT WAS POSTPONED AT THAT TIME! 

THIS EFFORT IS NOT A SCAM!!! NOT A LOP!!! NOT A PROGRAM CBI RATE CHANGE !!! BUT A LIFTING OF THE 3 ZEROS AND A VALUE CHANGE ALL TOGETHER!!! A REER!!!!!! SEE BELOW !

QUOTE FROM REPORT:“In April 2012, the CoM postponed indefinitely plans for a currency reform that would have removed three zeros from the Iraqi dinar in 2013 and required issuance of new currency notes. The reform would have made the dinar value slightly less than $1, It is currently worth less than one tenth of a cent.” DROP THE MIKE! That's almost 1 to 1 IN IRAQ!! In your country it would be higher due to the parity principle!!

One more notion we need to clear up is the Iraq official rate of 1310 to 1 and the “Illegal Parallel Market Rate” 1500 to 1, “needing to get closer or completely align, before Iraq can unify the rate and revalue its currency”. 

Really? The Turkmenistan RV model used by the IMF shows clearly that the so-called parallel market rate in Turkmenistan had a more than 6000 manat spread between the official rate and the Parallel rate, when they successfully unified the two rates rates on May 1st, 2008. The IQD has less than a 2000 spread today! Just do it! 

In addition. the Turkmenistan blue print included a REER rate change 1st, then a little later they introduced there new lower denoms. 

It’s a major problem if the actual lower denoms are released ahead of the rate; not only because they would be valueless but more importantly, it would allow counterfeiters to get there filthy little hands on the notes and torpedo the monetary reform with counterfiet notes! No CBI would make that amature error!

The CBI will release commercials and certain photographs first at the last phase of the education like Iraq’s PM announced Wednesday on TV close to the new rate.