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 Frank26: "...they’ve been testing them with a Dual Exchange Rate"

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Join date : 2015-02-19

PostSubject: Frank26: "...they’ve been testing them with a Dual Exchange Rate"   Thu Oct 25, 2018 10:52 pm


[via Sunkissed]   Article:  "The Central Bank of Iraq confirms the continuation of their reformist approach to achieve financial and monetary stability."  ...the article tells you that in the last 4 years, the government along with the CBI, has been testing many companies in Iraq, like for example [Guru] Walkingstick’s firm, many banks in Iraq, many merchant accounts, many businesses, they’ve been testing them with a Dual Exchange Rate. Not only with our currency in the way we pay our people, but with our budget...And you know what? Something came out of it. REER!!!  REER…is a change!…within the country’s currency, with denomination or, with the exchange rate of their currency. A change! Yes.

The CBI...has given us all the signs without saying the word… REER...  This article cuts very short. All it does not say is the acronym REER. But the whole article, is nothing more than a self-confession, a definition of the Tried, Tested, and Success of running their country at 1:1.   REER stands for Real Effective Exchange Rate. REER means equalizing, bringing forth, the REAL EFFECTIVE Exchange Rate, of a countries currency; which by the way, is not a Program Rate.  [Guru] Walkingstick, his friends, his bank owners, his firm, his employees were selected to do this test and trial run, on a second set of books, that the GOI, using not the Program Rate, but a 1:1 rate, testing in the process of the REER...Because these banks, that ran with the testing, and made it successful, are now reporting to them, to say:  All systems are “GO” on our Monetary Reform. The environment: We have maintained the stability in the exchange rate, in foreign currencies.

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Frank26: "...they’ve been testing them with a Dual Exchange Rate"
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