Guru MountainGoat 2/3/23

by **Ssmith** Fri Feb 03, 2023 1:54 pm

Conversation with my contact in the CBI (continued) – [See Guru Mnt Goat post 2-1-2023 below for the beginning of the converations ]:

Question: Do they fully intend to carryout this currency reform to the end?

Answer: Yes, as they are only releasing more of the 100, 250 and 1000 smaller category notes and these will stay in circulation afterwards. It will be an easier transition to the lower, lower denominations once they have this situation under control and other countries will bring the value of the dinar up as the foreign demand increases.

The plan all along is to use the older three zero notes at the banks for transfer between countries to pay the debts only and to take them out of the general circulation…This was a strategy imposed by Ali Alaq even before he left the CBI in June 2020. Now we are beginning to see why they reinstated him as director as he is continuing where he left off on the currency reform project, but the only difference is now he is getting the full support of the GOI.

Conversation with my contact in the CBI (continued) [See Guru Mnt Goat post 2-1-2023 below for the beginning of the converations]:

Question: Isn’t the value of the dinar much greater than the value of the US dollar fiat currency? So why are we not seeing the true rate of the dinar ?

Answer: You pose a tricky question to me. Yes, I agree the rate should be much higher, at least 1:1 with the dollar but I believe much more and more like 4:1. But there is a process in place to get there, we are implementing it now that Ali Mohsen Al-Alaq has returned. We are looking forward to working diligently with all advisors and global leaders. It will not be long.