Mnt Goat
We have been...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.
.the media is constantly broadcasting commercials about how the swap out will work. Then the news media from Iraq tells us about the “cash center” that recently opened in Karkh.
It is used solely for the intake of the three zero dinar notes or dollars. Folks they are already sucking in the three zero notes...So in reality, unofficially, the process of deleting the zeros has already begun. Yes, it is underway according to my CBI contact.
No comments:
Post a Comment