Quote: “Keywords and said that Iraq has a reserve of cash currency, which protect him from falling into a severe economic crisis, or the inability of the State to provide the employees’ salaries, and cover the projects, “pointing out that” Iraq reserves estimated at more than 1,500%.”
The Governor of the Central Bank of Iraq announced today that Iraq still enjoys a comfortable reservoir of foreign cash currency.
He also pointed out that Iraq’s reserves estimated at more than 1,500%, showing us that it is not only possible that the dinar could revalue overnight by a 1,000% but is probable that the real value of the dinar will be at least $1 USD to 1 IQD.
Quote: “He said the central bank governor that the issue of deletion of zeros from the currency, will be in the event of an administrative and security stability can control the state of the markets, and the imposition of standardized pricing on goods.“
The CBI Governor went on to say that the deletion of zeros will take place in the event that administrative and security stability can control the state of the markets, which we are witnessing…the market rate is stable at 1215.
And with other austerity measures underway, the reform packages in place and implemented, the market rate will remain stable and even gain ground against the dollar over these next few months. Standardized pricing on goods is the key for a large revaluation folks!
We should start seeing news concerning the deletion of the zeros real soon if I am correct that the first of the year should bring currency reform to Iraq.
Not only are we hearing news as I predicted but we are hearing it straight from the horses mouth himself. And he says what we are looking for is probable!