Mnt Goat
Article: “CENTRAL BANK CONFIRMS OFFICIAL DOLLAR RATE REMAINS STEADY AT 1,320 DINARS”
The CBI is paying much more for the dollars than their official rate even at 1300. They are using leverage to calm the market for dollars. In other words, they discounted the dollars rather than devalue the official rate. The CBI took the loss and not the economy. So, the TRUTH finally comes out. They created stability in the market...
What is really so amazing about this news from the CBI is that they are coming out.. .and telling what they have been doing all along. This is not bad or good news but just news..
The 1300 is not a revaluation, as it is a much better rate than the 1320. But they explained to us what they have been doing and will continue to use the 1320 as the official rate. The 1300 will be the budgeted rate as it has been for the last three years.
Weren’t they supposed to revalue, reinstate and use the new rate on FOREX as we were told should be around $4+? So what happened to our 2026 RV?
This is all tied closely to the militia issue. This is the CBI way of telling us the RV was stalled and now postponed ...
