🚨 MNT GOAT HIGHLIGHTS 🚨
💵 Central Bank of Iraq Confirms Stability!
✅ Exchange rate is stable
📉 Achieves lowest inflation in the region
🏦 CBI focused on price stability (official rate only, not FOREX)
📝 Key Takeaways:
Law No. 56/2004 📜 guides monetary & exchange rate policy
CBI has no plans to adjust the Iraqi dinar official rate
Investors note: official rate ≠ FOREX rate 💡
The “choo-choo 🚂 is paused… waiting…”
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✨ Stay tuned for updates! 🚀💰
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MNT GOAT
"THE CENTRAL BANK OF IRAQ CONFIRMS THE STABILITY OF THE EXCHANGE RATE AND ACHIEVES THE LOWEST INFLATION LEVELS
IN THE REGION."
(Full articles in the Articles Section) "The Central Bank Law No. (56) of 2004, particularly Article 1/4/A, clearly defines its core functions in formulating and implementing monetary policy, including exchange rate policy. In this context, the Bank affirmed that it has no intention of adjusting the exchange rate of the Iraqi dinar, in line with its central objective of ensuring price stability, an objective that has been successfully achieved
in the past period." Remember that this exchange rate they talk about is the 'official' CBI rate not yet on FOREX and still under the sole de facto peg of the US dollar. This is not what we are so much concerned about
as investors.
..Choo-Choo...
....The choo-choo has stopped and is waiting........
