ARTICLE AD BOX
EXCERPTS FROM MNT GOAT
"There is going to be a situation soon that will allow the CBI to conduct the Project to Delete the Zeros and then move on to the reinstatement.
We already read in the article titled 'THE DINAR IS RECOVERING AND THE EXCHANGE RATE IS DECLINING TOWARDS THE OFFICIAL RATE' that the CBI predicts the parallel market rate to equal the 'official' CBI rate this year."
Article: "THE US HAS STOPPED SENDING CASH DOLLARS TO IRAQ. IS THIS THE BEGINNING OF A BLOCKADE? " Quote: "... the United States has decided to completely halt cash dollar shipments to Iraq..."
The operative word is “completely” not just to some banks. This will force getting off the sole peg to the US dollar...They desperately need to get off this peg and to a “basket” of currencies the IMF already has lined up to use. The US has blocked dollars before but this time to EVERY bank in Iraq and Iraq as a whole. I look at this as the final nail in the coffin for the parallel market. We should see the Iraq dinar rise to very close to 1100 very soon. We would like to see a target of 1000.
English (US) ·