Mnt Goat

  In Mnt Goat

Article quotes: “TO DEVELOP MECHANISMS TO CHANGE THE MONETARY AND MONETARY POLICIES IN THE COUNTRY, in coordination with the Central Bank of Iraq, AIMED AT RAISING THE DINAR EXCHANGE RATE”; “THE CHANGE WILL RAISE THE EXCHANGE RATE OF THE IRAQI DINAR AGAINST FOREIGN CURRENCIES”. How will they do this change in the dinar? Quote: “the Committee is keen to enact the LAW OF FINANCIAL ADMINISTRATION as it gives a complete road map of the financial policy in the country in terms of management of money and cash in the state.” So we know that the Law of Financial Administration is now key and it does include this monetary change.

They are telling us the auctions (the traditional methods) are no longer appropriate for managing their currency. It is in the NEXT Phase in which they intend to implement the changes that affect the currency. I assure you it is coming and it may even come even before the end of the year 2020. I surely hope so. All we can do is track the progress now of this effort.