Mnt Goat says -- still hearing that the CBI plans to delete the zeros but these rumors and lies is slowing down the process...

by **Ponee** Sun Dec 20, 2020 10:37 pm

Mnt Goat

The exchange rates of the dollar against the Iraqi dinar in the markets of Baghdad and Kurdistan rose again after witnessing fluctuations during the past days. ...The Deputy Speaker of the Iraqi Parliament, Bashir Al-Haddad, denied, on Wednesday, what was circulated regarding the entry of the Iraqi government into negotiations with the International Monetary Fund to reduce the price of the Iraqi dinar against the US dollar or the secret printing of trillions of dinars by the CBI...

The CBI and the Finance Committee asserted that these rumors are just untrue...I am still hearing that the CBI plans to delete the zeros but these rumors and lies is slowing down the process...

...This speculation is essentially creating its own kind of FREE float using the program rate and not even on FOREX. This is dangerous and just the issues that economists and financial analysts warned us of. This is why the CBI cannot and will not put the dinar on a free float while on the program rate. ...The bottom line is this – the CBI needs to pull the trigger and complete the project to delete the zeros, then move to reinstate the dinar back on the global markets...The plan is being carried out and they fully intend to move ahead with the dinar and its currency reform...It must be done and they know it...the CBI is trying to do it and they plan to do it. This is the good news...

Article: "BAGHDAD THE INTERNATIONAL MONETARY FUND IS NEGOTIATING TO DETERMINE THE EXCHANGE RATE"   ...this past week I have readers commenting to me that the exchange rate of the Iraqi dinar has been devalued. They are all upset. Really?...That’s news to the CBI and me. No, it has not been devalued...They are NOT going to devalue the dinar nor have they already...These other articles are just opinion and not policy.

Article:   "WEIGHTS THAT THE 2021 BUDGET WILL NOT BE APPROVED UNTIL NEXT FEBRUARY" appears they do not want the public to know the rinstatement rate until after the event happens. They are holding it up until after the early part of January.