Jeff
What they've told us is that going into 2025 they were going to end the currency auctions. We know that much.
They did say they transitioned to that new method of transferring foreign currencies abroad... allowing specific local banks within the country of Iraq to send the foreign currencies...But they never officially ended the currency auctions...
We know the currency auctions have to end at least by the time the rate changes. We also know that from last November through the end of January the currency auctions went up from about $280 million to $300 million, then in January of this year...went higher from $290 million to $300 million...
Their actions of incrementing the currency auctions to higher amounts suggest we're getting getting very close to nearing the end of this..
https://dinarevaluation.blogspot.com/2025/03/tidbit-from-jeff-10-march.html
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They did not have any currency auctions as of...Monday March 3rd. Now, what were the 2 critical things the central bank states to us through the year '24 (which by the way, you're still in) -
End the use of the dollar and end the currency auctions. Last Thursday/Friday they said the citizens debit cards would no longer be able to access US dollar cash outside the country of Iraq.
That's one way of exiting the dollar. They also said the currency auctions would end. When does their fiscal period end? The very end of March. When does the new budget period start? April 1st. Boom there you go! Rate is changing in March folks!
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