STATUS OF THE RV, PART. 2 BY MNT GOAT
😊Now let me explain the good news about this article above and yet another one like it titled “FLUCTUATING DINAR: ECONOMIC EXPERTS URGE ACTION AS DOLLAR SOARS IN IRAQ“.
Folks the dollar rate in the parallel market should be soaring. Get it? Let me explain.
To explain the news in these two articles you must realize what is happening with the new “currency sales window”.
Of course, the rate of the dollar is going to surge to new highs as the demand goes up because of scarcity of the dollar in the black market (parallel market) – supply and demand.
Get it?
Supply creates scarcity and scarcity drives the price up. Think, think, think!
Isn’t this exactly what the CBI is trying to do?
The CBI is trying to finally break the parallel market with shortages of the dollar and eventually there will be very little dollars available even to sell in the parallel market.
But in the meanwhile, prior to the dollars drying up, the rate will skyrocket. It will be short lived and then the plan is for it to settle down to the “official” CBI rate.
At least, like I told everyone, this is the plan. We must just sit tight and pray that the CBI is correct and they can break the parallel market once and for all.
What happens next?
Once the parallel market is matched or close to the “official” CBI rate the next phase of the process that we have been waiting for now for over a year can happen.
That phase is an in-country rate change at or just over a dollar.
Next the currency switch-out to the newer lower denominations can begin.
This was Dr Shabibi’s plan all along since its inception in 2011.
He nearly executed it too in 2012-2013.
After the currency switch out and period to monitor for inflationary reactions with new rate, the move to reinstate the dinar back on FOREX would be next.
In simple terms, this is when we go to the bank and not before. The reason for the “holdup” is that these steps could not yet occur based on the current situation.
So, there is no bad news in these articles today, but you must know what is going on to appreciate exactly the ramifications of this news.
I also want to say everything so far is working according to the CBI plan of getting ready for this next phase.
We just have to let it play out. I know it is not on our timetable and even what my CBI contact told us it “might happen” at this time. I can’t control it.
Unfortunately, I will not be talking to my CBI contact on Wednesday due to the Christmas holiday but I will try a call on Saturday and maybe I will get an update and even better news by my Tuesday Newsletter.
Just so you know this will be the only Newsletter for this week of Christmas – NO THURSDAY Newsletter this week. Everyone should just enjoy the holiday with family and friends. Do not expect the RV and I just showed you why.
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