Delta and MilitiaMan: "with the CBI telling banks to stop using cash because of the Corona Virus, they'll (the CBI) need to cease using cash as well" 3/8/20

by **RamblerNash** Sun Mar 08, 2020 11:25 pm

Delta and MilitiaMan

Delta: Article: "Mansour Express Exchange and Remittance System"  A new product through the system for the window selling foreign currency to the Central Bank of Iraq.   MilitiaMan: They clearly have now set things up to be electronic and in a big way. And in an International way. They are telling us they have the legal accounting, evidence of "Calculations", of Accounting Values, with International Standards...suggests they have the international rate to go with it too. They would not be going cashless with a system like this at a program rate and at a time like this. But at an international rate imo, yes they would.

...with the CBI telling banks to stop using cash because of the Corona Virus, they'll (the CBI) need to cease using cash as well. All types of currencies, too. Thus, they will need to stop the Currency Auctions. (KO punch to Iran?) They now have a valid excuse outside the parameters of the GOI to RI, as it is vital to the Monetary system to keep money moving. They stop money movement they will have problems with the IMF, UST, WB, inflation rearing it's ugly head, no liquidity, etc.. So this suggests they are ready to raise the rate soon, as they have the calculations and values necessary to do so. The have the excuse of the virus as an ace in the hole to get it done. imo.  They will soon announce they are Art 8 and at what rate they have calculated for the value of the future IQD exchange rate that all the Iraqis await and we too.. imo...the Perfect Storm is Upon us..ioo...

3/8/20