MarkZ
[via PDK]
...article from Baghdad today: “It will turn the parallel market upside down-
Sources: Expected decisions from the Central Bank will confuse markets and raise exchange rates”
When they say raise exchange rates…they are talking “in the wrong direction”...
So if one US dollar now equals 1310 dinar…it will go to one US dollar equals 1500 dinar or so.
So what they are going to do is have an auction on US dollars. They are planning on injecting more US dollars into the markets and buy dinar off of the streets.
“To help support the exchange rate” is the claim. And to help clean up the sanctions and money laundering
Think about this. It will hurt the value of the dinar temporarily but allows them to buy it at a discount through major auctions. Suck trillions more dinar off the streets…What a great prep going into a re-valuation. It will help them justify a higher value. This may be major for us.
This is my theory and I think it makes sense.
Comment: Sounds like bad news to me…like they won’t RV for weeks now.
MarkZ: If auctions are immediate - they could be ready in a day or two. I believe they will move forward quickly on this... Remember Sudani said just last week that they plan to revalue this year during his administration….I think the timing is great and they are setting the stage.
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