[aka Kaperoni] Article: “Advisor to the Association of Banks: The Central Bank is following a consistent approach to achieving banking reform” Quote: “the management of the Central Bank of Iraq plans to gradually cancel the window for selling foreign currency during the year 2024, until it leaves it completely.” …this is huge news… Iraq cannot end the auctions unless they have an alternative to the auctions… which means they plan to float the dinar by the end of the year…floating the dinar will give them a new mechanism to maintain the dinar, the CBI will buy and sell blocks of dinar like other central banks do to maintain their currency…
