DINAR REVALUATION UPDATE
There is a lot of news on dollar auctions and currency manipulation today as we are nearing the end of them. They are trying to root out the corrupt elements to the maximum possible extent before they look to RV.
Though only 5 banks are having correspondent bank tieup in USA ,lot of other banks have time ups to deal in yuan,rupees,dirham and euro. it will take a little more time for them to get used to the new dynamic,once the auctions stop .
Iraq is at the cusp of overhauling the dollar trade practices from the 2 decade long practice to a new and more efficient way.
The 2 decades of dollar smuggling could not be arrested even with the electronic platform which resulted in the theft of the century.
We are witnessing a paradigm shift.lets hope the the new practice will bring peace, prosperity and harmony to the Iraqi people.
Again I don't know the rate or time of RV.just posting my thoughts.
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