Mnt Goat [Post 2 of 2] We know that the CBI has told us there is going to be one more “official” rate change after the 1320 then conduct the Project to Delete the Zeros once this control of the parallel market is accomplished. My contact in the CBI then told me they thought that maybe the parallel market could reach the official rate by the end of last week. Did it? We still wait for the news to come… the Project to Delete the Zeros is a focal point for the rest of the process going forward to make it to the reinstatement of the dinar back to FOREX, with a rate was as investors want.
Mnt Goat [Post 1 of 2] What we have is all still very good news and showing Iraq is still moving in the right direction…Iraq is still aggressively fighting that uphill battle to regain its full sovereignty and financial independence… However…As long as Iraq is on the petro-dollar and it is the sole peg for the dinar, this will continue…In recent weeks the CBI has come out with so much news about finally being able to control the dollar in Iraq by controlling the parallel market. Why is this so important?
