EXCERPTS FROM MNT GOAT
STATUS OF THE RV
If you remember a couple months ago, at just about this timeframe, the Iraqi economist Yasser Al-Mutawali asked the question to the Finance Ministry and to the general public – “Is It Time To Remove The Zeros” ?
So, another month has passed and we still didn’t see this project executed.
But should we?
We have been since told by my CBI contact on the committee that we should expect to see the ramped-up Project to Delete the Zeros sometime soon after the U.S. election period is over sometime in November.
This period of time through December will begin the process for the swap out with the newer lower denominations.
To me this also means about a 1:1 at par rate of the IQD with the US dollar. But remember this is IN-COUNTRY only.
Also remember these actions ALWAYS have dependencies. Nothing is a guarantee! I want to make this VERY CLEAR to you today.
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