EXCERPTS FROM MNT GOAT, 9 NOV

 EXCEPTS FROM MNT GOAT

My contact told me not to expect any move forward with the Project to Delete the Zeros until this new administration signals, they will “fully” support it and the “process” and move to the end of the process, which is, as we all know, the reinstatement. 

Remember we don’t go to the bank until the reinstatement back on FOREX occurs, the end of the process. Then the new rate also has to coincide with a rate of the dinar we are willing to exchange for.

My contact also told me there is a planned meeting next week with the director Al Al-Alaq to review the status of the committee work and plan out the next phase of the project to delete the zeros. I asked “next phase”? Please explain, I said?  I was told that the CBI will no longer be supporting the currency auctions come the end of the year.

 I already knew this. But this was the best part when she told me they are now working on many more foreign banks besides the already arranged four (4) U.S. banks that are going to also come into process of supporting the international conversion of dinar to dollars on payment of imports to Iraq. Folks this was music to my ears when I heard this news.

 Why would these other banks want to exchange dinars if they were not going to be worth something and globally traded? We already reviewed why in one of my recent Newsletters. At that time, I told you just what I was told by my CBI contact back then. But now there are more banks coming onboard.