Ariel
@Prolotario1
Iraq Update
This was a brilliant comment here by Kevin. Let me expound upon this a bit. So people can understand this more clearly.
By not addressing the cash withdrawal, Alaq might be maintaining control over how much currency is in circulation. The introduction of a new exchange rate could lead to significant withdrawals if people anticipate a change in the dinar’s value, potentially causing economic instability.
If the public knew when cash withdrawal limits or processes would change, this could lead to speculation and market m**********n. By keeping this information undisclosed, it prevents premature withdrawals or hoarding of currency that might occur if speculators had a date for the RV/RI.
Changing withdrawal policies simultaneously with an RV/RI could be part of a broader strategy to manage liquidity in the economy. An unannounced change would allow for a more controlled environment where the central bank can adjust the supply of currency without causing panic or a rush to withdraw or deposit money.
Not addressing this aspect keeps the timing of the RV/RI unpredictable, which might be strategic to manage economic expectations and reactions. If the public knew when these changes would occur, it could affect consumer behavior, potentially leading to inflation or deflationary pressures before the actual implementation.
There’s nuance to what you’re saying bro. Alaq specifically said, within two weeks, “…the banks’ relationships will be transferred directly to correspondent banks without passing through other links, and the process has been completed with continued success.” Specifically…
— Kevin J. Monangai (@kevinmonangai) December 3, 2024
