ronscarpa Posted March 9, 2021 Report Share Posted March 9, 2021 Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Walkingstick One of the many meetings going on is with the IMF at an executive level with the banks of Iraq on the subject of the new exchange rate and the new small category notes...they were presented multiple exchange rates...when they tell the citizens the new rate and they show them the new notes - it's the onset. 1. At the onset they will release their currency at the 1 to 1 rate (In the very near proximal future). 2. The CBI has been given a benchmark to collect a certain amount of the 3 zero notes...the time frame is not carved in stone... 3. These meetings are to conclude the re-denomination of the new small category notes. [post 1 of 2....stay tuned] *** Mnt Goat Article: "AL-KAABI CALLS FOR A SERIOUS AND URGENT STOP TO RETURN TO THE PREVIOUS DOLLAR EXCHANGE RATE" Just so much news about the exchange rate. Yes, lots of pressure from all directions to finally go back to a normalized rate and off the sole de facto peg of the US dollar. It is time. It will happen. I can not give you a time as I do not know, but I do know they are discussing it and making plans for it in 2021 not 2022. 4 2 Quote Link to comment Share on other sites More sharing options...
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