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Frank26: "He just told us on TV that our exchange rate should have been changed years ago" (Oh? Are We Ignoring Last Years Devalue? LOL) 11/20/21 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Frank26: "He just told us on TV that our exchange rate should have been changed years ago" (Oh? Are We Ignoring Last Years Devalue? LOL) 11/20/21

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Frank26: "He just told us on TV that our exchange rate should have been changed years ago" (Oh? Are We Ignoring Last Years Devalue? LOL) 11/20/21 Empty Frank26: "He just told us on TV that our exchange rate should have been changed years ago" (Oh? Are We Ignoring Last Years Devalue? LOL) 11/20/21

Post by RamblerNash Sun Nov 21, 2021 10:23 pm

Frank26  

[Firefly boots-on-the-ground Iraqi TV update]  FIREFLY:   Allawi - the guy you told us to pay attention to is talking about our exchange rate.  He just told us on TV that our exchange rate should have been changed years ago.  He said it needs to float...and then he described how a float is based on supply and demand verses a fixed rate that is backed by gold.  He says we also need the lower notes out...he talked about how Iraq already had digitally fixed the lower note issue - just need the lower notes on streets.  FRANK:  The Finance Minister comes out and tells the Iraqi citizens, 'We need a new exchange rate.  We need a new currency.

FRANK CONT:   In fact you guys are loosing money and the reason why is because they don't have enough change to pay you back, you don't have the currency for it.  The new exchange rate is going to be calculated on a different denomination - these are lower notes.'  We call them small category notes.  Same thing.  Wow!  FIREFLY:  Then Kazemi comes out and he is also saying to us there is a new exchange rate.  And he says to us an exchange rate change would be for the Iraq citizens - for the people of Iraq - not for the government.  FRANK:  ...Mustafa will talk to you in two days.
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