Mnt Goat [Post 1 of 2] My CBI contact has told me that if the switch over of the currency, better known as the Project to Delete the Zeros, was not connected with a revaluation, then Iraq would have completed it a very long time ago. They would not have to wait. It does not take a rocket scientists to see that a one dinar note etc., etc. would be worthless without a revaluation to coincide…we can now see why they delay in doing the Project to Delete the Zeros… when will this next move occur…So, we are coming very close to the switch over from the currency auctions to the international process of currency exchanges to operate in Iraq.
Mnt Goat [Post 2 of 2] Why did the CBI decide to wait until the end of their fiscal year to do it? Hint..Hint..could it be under the direction of Dr Shabibi they also told us the most opportune time to conduct a substantial revaluation is at the beginning of a fiscal year? Their fiscal year begins January 1st… Also I then back up with my conversation I had…with my CBI contact that told me her committee to switch out the notes still intends to go forward with the process of deleting the zeros at this same time period also. Coincidental? …We can only pray that this new process to begin at the end of 2024 will bring success for Iraq…
