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Luigi found this article of Dinarian interests... Everything is done...not quit...no GOI. Treat as a rumor. Not verified. Your opine. Pimpy: Article: Right before this election things seemed to be well on its way on the best path we could possibly go… Iraq met the qualifications to be released [from UNSC Chapter 7]. In addition to that they’re being expedited through The WTO organization academy. Al-Kazemi had implemented the reform white papers…Money was about to be invested into the private & public sectors. They were finding alternative ways to generate revenue away from the oil market…the cost of buying oil had increased… [Post 1 of 2….stay tuned] This is the one thing Iraqi dinar investors are frustrated with all the time. Every time it seems like we’re starting to get to where we need to be then there’s always some kind of delay…something that pops up that keeps the Iraqi dinar exchange rate from increasing in value. If it ain’t one thing it’s another…the reason why people don’t give up their dinar is because the potential is there…I still think it will go up in increments. If the country can get their act together it’ll go up much much quicker than you think... [Post 2 of 2]
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Luigi asks... All the Gurus say everything is done in order to RV. Do we have to wait another 90 days? Inquiring minds want to know! 20 Feb 2017 Mike... If the market rate drops...is that a good thing? The market rate or street rate, dropping is a good thing. As of today the street rate is 1270-$1. The official rate is 1182-$1. So there is a spread between the two is 88 Dinar, or roughly 7.5%. That is not good enough for the IMF. They want the MPC or spread to be 2% or less and hold it for 90 days before Iraq can move to Article VIII.