Chairman Awad let slip the operation: “Banking sector reform has become a necessity… private banks have presented a set of reforms.” What does this mean? The CBI is purging the system of dollar-dependent, politically-captured banks before the switch flips. Why? You cannot redenominate a currency when certain banks are still laundering dollars for Iranian militias and sanctioned entities. The new IQD, post-RV, will likely be digitally traceable and asset – backed… corruption must be bulldozed first. We are cutting the dollar fuel line to the Quds Force and their proxies before the new rate goes live, so they cannot convert their pre-RV hoards into the revalued currency. The Council of Ministers adjusts the budget before it reaches Parliament. Parliament only votes. The budget must be submitted by October 15th!! :Ariel
