😊DE-DOLLARIZATION
WOW! WOW! WOW! How much more evidence do I have to show you that we are on now course with the process, the first step of it? The Dr Shabibi plan says they must de-dollarize and so haven’t we seen this effort already?
Unfortunately, they will NEVER get to the point of eliminating the parallel market until they can get more of the major global banks to accept the dinar and convert it to dollars to pay merchants to pay their importers.
We read articles that so far arrangements have been made with only 4 major US banks for this purpose. There will have to be many more, especially Chinese, Eurpean and middle eastern banks. Many importers to Iraq simply still do not want to deal in the dinar.
They still want US dollars. Why is this? I have to tell you I have asked this to my CBI contact and I was told its solely because the dinar is still not recognized on the global currency exchanges it is felt is it is still “play money”. Their words not mine! So, knowing this we can now connect the dots and see just why Dr. Shabibi want the reinstatement first, if even at a lower rate, then the needed banking reforms to come later. His experience told him this was the case. We now see why he felt this way. But the IMF and global powers said yes originally to his plan to RV but behind the scenes covertly sabotaged his plan.
https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/
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