CBI Give A Date To Change The ER.

[Luigi1]

here's an article from Dinarland...

Article suggests one month to change the ER.

What is not known is at what rate.

Treat as a rumor.  Not verified.  Your opine.

 

 

 

BondLadys'Corner  via  TLM274:

ARTICLE:  A Parliamentarian Reveals The Date Of The Decline In The Dollar Exchange Rate.  
A member of the House of Representatives, Baqir Kazem, revealed, on Saturday, the new measures taken by the CBI in order to reduce the exchange rate in the local markets, while confirming that the rise in the price of the dollar will decrease within a month from now.  

 

Kazem said in an interview, “The CBI is working to form a new appropriation department for the import of goods in order to control the parties that used to monopolize the dollar in the local markets,” noting that “these measures came after the escalation of smuggling operations in the previous period, which led to the rise that is happening.” right Now”.  

 

He continued, “The high exchange rate these days will not last more than a month after the new procedures that are being implemented by the CBI,” noting that “the latter will work to sell the dollar to merchants in the circle of new credits, at subsidized prices, directly.”

He noted that “the reason for the increase is that many merchants transfer millions of dollars to money exchangers & fake companies working to smuggle it out of Iraq,” stressing that “the exchange rate after the new procedures will settle at 146,000 Iraqi dinars for 100 dollars.”

 

The PM called for “opening the file of the currency auction, the exchange rate & the state of chaos in the markets within the agenda of the next cabinet session & taking immediate & urgent measures to address this file, which has become an unacceptable door to corruption & waste of public money.”   The Finance Committee in the House of Representatives attributed earlier the reasons for the high price of the dollar against the Iraqi dinar to the pressure exerted by the US Federal Bank on the CBI. 

 

[Luigi1]

here's another article related to the above...CBI is under pressure to get 'er done...

 

MarkZ  via  PDK: 

ARTICLE:  There is a rumor in Iraq that they are trying to overthrow Sudani.  They are frustrated because Sudani made promises that one of the first things he would do is change the value.  I think its more likely that Sudani would overthrow the sitting ministers at the CBI if they don’t move forward based on what I hear from my folks over there.

 

[screwball]

2 hours ago, Luigi1 said:

here's another article related to the above...CBI is under pressure to get 'er done...

 

MarkZ  via  PDK: 

ARTICLE:  There is a rumor in Iraq that they are trying to overthrow Sudani.  They are frustrated because Sudani made promises that one of the first things he would do is change the value.  I think its more likely that Sudani would overthrow the sitting ministers at the CBI if they don’t move forward based on what I hear from my folks over there.

 

Sudani is safe