Mnt Goat
I am told by my CBI contact that if it is successful after monitoring for inflation, then if all is good, the CBI will launch the Project to Delete the Zeros and we know what comes next.
They will have too also launch the new peg of the IQD to the new basket of currencies. Are you happy yet?
I ask everyone to trust me in that I am in close contact with the CBI committee that is responsible for rolling out the Project to Delete the Zeros.
I get weekly statuses that are telling us that Iraq is only moving ahead and not backwards. I am told it won’t be long.
The final status of the RV is we are still waiting for the full implementation of the new process with correspondent banks to process payments of imports for Iraq. We are told this will all but eliminate the parallel market and it will no longer be of concern for the stability of the Iraqi dinar.
We have been told that this will lead to the next phase, which I am told by my CBI contact is the initiation of the currency reform, as now they will be able to conduct the process with relative knowledge of its success. Also do not forget that in order to begin the process Iraq still needs assurances from the US that it will support it and allow it to proceed to the end of the process.