[via PDK] Article: “Priorities of the new Central Bank Governor : Implementing Oliver Wyman’s criteria is of utmost importance” An integrated banking system and no dollar restrictions. They also want us to know they will be managing the “Exchange Rate”. There is a lot of back and forth on this one. Similar to what we saw in Kuwait and China days before their last revaluations. Article: “Al-Aboudi: the government and the Central Bank adopt a flexible approach to the exchange rate” they are letting us know they can change it based on needs. Then the Iraqi government says “There are no plans to change the national currency or remove three zeros from the Iraqi dinar at this time.” We also heard this the morning Kuwait revalued. We have the Iraqi government telling us one thing and the Central banks telling us another. We were told the RV is now in the hands of the Central Bank of Iraq and they do not need the government at all. :MarkZ
